Alerian MLP ETF Target of Unusually High Options Trading (NYSEARCA:AMLP)

Alerian MLP ETF (NYSEARCA:AMLP) saw unusually large options trading on Friday. Stock investors bought 6,170 call options on the stock. This is an increase of approximately 429% compared to the average daily volume of 1,166 call options.

Hedge Funds Weigh In On Alerian MLP ETF

A number of large investors have recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after acquiring an additional 7,280 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Alerian MLP ETF by 36.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 16,819 shares of the exchange traded fund’s stock valued at $874,000 after purchasing an additional 4,516 shares in the last quarter. Focus Partners Wealth raised its holdings in Alerian MLP ETF by 4.8% in the first quarter. Focus Partners Wealth now owns 100,912 shares of the exchange traded fund’s stock worth $5,241,000 after purchasing an additional 4,642 shares in the last quarter. WBI Investments LLC lifted its position in Alerian MLP ETF by 9.0% during the first quarter. WBI Investments LLC now owns 10,979 shares of the exchange traded fund’s stock valued at $570,000 after buying an additional 910 shares during the period. Finally, Invst LLC boosted its holdings in shares of Alerian MLP ETF by 27.3% during the 1st quarter. Invst LLC now owns 11,012 shares of the exchange traded fund’s stock valued at $572,000 after buying an additional 2,359 shares in the last quarter.

Alerian MLP ETF Trading Up 0.9%

Shares of NYSEARCA:AMLP traded up $0.41 during trading on Friday, reaching $47.97. The company had a trading volume of 450,955 shares, compared to its average volume of 1,993,876. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24. The stock has a market capitalization of $10.75 billion, a P/E ratio of 14.17 and a beta of 0.70. The company has a fifty day moving average of $47.13 and a two-hundred day moving average of $47.63.

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).