Alerian MLP ETF $AMLP Stock Holdings Lifted by Retirement Planning Group LLC

Retirement Planning Group LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 112.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,230 shares of the exchange traded fund’s stock after acquiring an additional 31,333 shares during the quarter. Retirement Planning Group LLC’s holdings in Alerian MLP ETF were worth $2,780,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Alerian MLP ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after acquiring an additional 54,835 shares in the last quarter. Raymond James Financial Inc. boosted its position in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after purchasing an additional 152,451 shares during the period. Ameriprise Financial Inc. grew its holdings in Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after purchasing an additional 262,817 shares during the last quarter. Naviter Wealth LLC raised its position in shares of Alerian MLP ETF by 17.5% in the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after purchasing an additional 194,949 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Alerian MLP ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock valued at $54,414,000 after purchasing an additional 14,538 shares during the period.

Alerian MLP ETF Trading Up 1.3%

NYSEARCA AMLP opened at $49.03 on Wednesday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The company has a fifty day simple moving average of $47.24 and a 200 day simple moving average of $47.61. The company has a market cap of $10.93 billion, a P/E ratio of 14.17 and a beta of 0.70.

About Alerian MLP ETF

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).