IFP Advisors Inc Acquires 36,344 Shares of Alerian MLP ETF $AMLP

IFP Advisors Inc raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 70.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,903 shares of the exchange traded fund’s stock after acquiring an additional 36,344 shares during the period. IFP Advisors Inc’s holdings in Alerian MLP ETF were worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Bank of America Corp DE lifted its holdings 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 valued at $413,033,000 after purchasing an additional 54,835 shares in the last quarter. Allen Investment Management LLC increased its stake in Alerian MLP ETF by 9.1% during the 3rd quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after purchasing an additional 291,011 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Alerian MLP ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after buying an additional 152,451 shares during the period. Ameriprise Financial Inc. raised its holdings in Alerian MLP ETF by 19.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after buying an additional 262,817 shares during the period. Finally, US Bancorp DE lifted its stake in Alerian MLP ETF by 17.7% in the fourth quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock valued at $66,275,000 after buying an additional 211,540 shares in the last quarter.

Alerian MLP ETF Stock Down 0.8%

Shares of AMLP stock opened at $54.40 on Thursday. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The firm has a fifty day moving average of $52.76 and a 200-day moving average of $50.14. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52.

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).