HighTower Advisors LLC Raises Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

HighTower Advisors LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 10.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 872,018 shares of the exchange traded fund’s stock after purchasing an additional 83,961 shares during the quarter. HighTower Advisors LLC owned approximately 0.48% of Alerian MLP ETF worth $41,091,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF during the third quarter worth approximately $28,000. Asset Dedication LLC boosted its position in Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in Alerian MLP ETF during the third quarter worth approximately $40,000. ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF during the third quarter worth approximately $41,000. Finally, Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF during the second quarter worth approximately $49,000.

Alerian MLP ETF Trading Down 1.8 %

Shares of AMLP stock opened at $49.78 on Thursday. The business’s 50 day moving average is $47.85 and its two-hundred day moving average is $47.30. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $51.47. The company has a market capitalization of $8.95 billion, a P/E ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Company 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.