Total Clarity Wealth Management Inc. Takes $521,000 Position in Alerian MLP ETF $AMLP

Total Clarity Wealth Management Inc. acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 1st quarter, Holdings Channel reports. The fund acquired 9,893 shares of the exchange traded fund’s stock, valued at approximately $521,000.

Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE lifted its position in Alerian MLP ETF by 0.7% during the second 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 during the last quarter. Allen Investment Management LLC lifted its holdings in shares of Alerian MLP ETF by 7.1% during the 4th quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock worth $176,376,000 after acquiring an additional 249,766 shares during the last quarter. Raymond James Financial Inc. grew its position in Alerian MLP ETF by 5.9% in 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 in the last quarter. Ameriprise Financial Inc. increased its stake in Alerian MLP ETF by 19.2% in 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 acquiring an additional 262,817 shares during the last quarter. Finally, US Bancorp DE increased 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 acquiring an additional 211,540 shares during the last quarter.

Alerian MLP ETF Stock Up 2.0%

NYSEARCA AMLP opened at $51.65 on Wednesday. The stock’s 50-day simple moving average is $52.58 and its two-hundred day simple moving average is $51.04. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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).