Value Investment Professionals LLC Takes $1.49 Million Position in Alerian MLP ETF $AMLP

Value Investment Professionals LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, HoldingsChannel reports. The fund acquired 28,631 shares of the exchange traded fund’s stock, valued at approximately $1,485,000. Alerian MLP ETF accounts for 1.3% of Value Investment Professionals LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in 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 buying an additional 54,835 shares in the last quarter. Allen Investment Management LLC increased its position in shares of Alerian MLP ETF by 6.8% during the first quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after acquiring an additional 254,444 shares during the period. Raymond James Financial Inc. increased its position in shares of 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 acquiring an additional 152,451 shares during the period. Royal Bank of Canada raised its stake in shares of Alerian MLP ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after acquiring an additional 154,146 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Alerian MLP ETF by 19.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after buying an additional 262,817 shares during the period.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $55.00 on Wednesday. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.62. The company has a market cap of $12.92 billion, a PE ratio of 14.17 and a beta of 0.50. The business has a 50-day simple moving average of $52.82 and a 200-day simple moving average of $52.30.

Alerian MLP ETF Profile

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).