Moran Wealth Management LLC Raises Stock Holdings in Alerian MLP ETF $AMLP

Moran Wealth Management LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 53.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,393 shares of the exchange traded fund’s stock after purchasing an additional 21,803 shares during the quarter. Moran Wealth Management LLC’s holdings in Alerian MLP ETF were worth $3,284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Alerian MLP ETF by 19.4% in the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after purchasing an additional 7,280 shares during the period. Qube Research & Technologies Ltd increased its holdings in Alerian MLP ETF by 16.4% in the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock valued at $6,898,000 after buying an additional 19,916 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Alerian MLP ETF in the second quarter worth about $623,000. Diversify Advisory Services LLC purchased a new stake in shares of Alerian MLP ETF during the 2nd quarter worth about $224,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Alerian MLP ETF by 63.3% during the 2nd quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after acquiring an additional 19,678 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $52.06 on Monday. The company has a market capitalization of $12.22 billion, a P/E ratio of 14.17 and a beta of 0.50. The business’s 50 day moving average is $52.58 and its two-hundred day moving average is $51.26. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22.

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. 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).