Janney Montgomery Scott LLC Buys 11,367 Shares of Alerian MLP ETF $AMLP

Janney Montgomery Scott LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 561,275 shares of the exchange traded fund’s stock after buying an additional 11,367 shares during the period. Janney Montgomery Scott LLC’s holdings in Alerian MLP ETF were worth $29,102,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 20.3% in the fourth quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock valued at $8,663,000 after purchasing an additional 31,089 shares during the period. Greenspring Advisors LLC bought a new position in Alerian MLP ETF in the fourth quarter worth approximately $1,622,000. Prevail Innovative Wealth Advisors LLC increased its holdings in Alerian MLP ETF by 27.5% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 60,990 shares of the exchange traded fund’s stock worth $2,868,000 after purchasing an additional 13,136 shares during the period. Cary Street Partners Financial LLC increased its holdings in Alerian MLP ETF by 19.1% during the 4th quarter. Cary Street Partners Financial LLC now owns 257,238 shares of the exchange traded fund’s stock worth $12,095,000 after purchasing an additional 41,186 shares during the period. Finally, SMART Wealth LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $4,023,000.

Alerian MLP ETF Trading Up 1.1%

Shares of AMLP stock opened at $54.96 on Friday. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.66. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The stock has a fifty day simple moving average of $53.18 and a two-hundred day simple moving average of $52.59.

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).