Sacks & Associates LLC Purchases New Position in Alerian MLP ETF $AMLP

Sacks & Associates LLC acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 85,792 shares of the exchange traded fund’s stock, valued at approximately $4,450,000. Alerian MLP ETF accounts for about 3.2% of Sacks & Associates LLC’s investment portfolio, making the stock its 10th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Allen Investment Management LLC increased its position in Alerian MLP ETF by 6.8% in the first quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after buying an additional 254,444 shares during the period. Royal Bank of Canada grew its position in shares of Alerian MLP ETF by 6.8% during the first quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock worth $127,088,000 after acquiring an additional 154,146 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Alerian MLP ETF by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock worth $50,072,000 after acquiring an additional 57,663 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Alerian MLP ETF by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock worth $46,463,000 after acquiring an additional 56,516 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Alerian MLP ETF by 12.6% in the second quarter. NewEdge Advisors LLC now owns 627,920 shares of the exchange traded fund’s stock valued at $32,558,000 after purchasing an additional 70,402 shares during the period.

Alerian MLP ETF Trading Down 0.6%

Shares of NYSEARCA AMLP opened at $52.56 on Friday. The stock has a 50 day simple moving average of $54.52 and a 200-day simple moving average of $53.42. The company has a market cap of $12.67 billion, a PE ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $56.43.

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).