Verdence Capital Advisors LLC Acquires 91,878 Shares of Alerian MLP ETF $AMLP

Verdence Capital Advisors LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 91,878 shares of the exchange traded fund’s stock, valued at approximately $4,766,000.

Several other large investors have also recently made changes to their positions in the business. Allen Investment Management LLC boosted its stake 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 valued at $210,851,000 after acquiring an additional 254,444 shares during the last quarter. Royal Bank of Canada grew its position in shares of Alerian MLP ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after acquiring an additional 154,146 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Alerian MLP ETF by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock worth $50,072,000 after purchasing an additional 57,663 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Alerian MLP ETF by 6.8% during 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 purchasing an additional 56,516 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Alerian MLP ETF by 12.6% during the 2nd quarter. NewEdge Advisors LLC now owns 627,920 shares of the exchange traded fund’s stock worth $32,558,000 after purchasing an additional 70,402 shares during the last quarter.

Alerian MLP ETF Trading Up 0.3%

NYSEARCA:AMLP opened at $53.32 on Tuesday. The firm’s 50 day moving average is $54.01 and its 200 day moving average is $52.72. Alerian MLP ETF has a 12 month low of $46.04 and a 12 month high of $56.43. The stock has a market capitalization of $12.86 billion, a PE ratio of 14.17 and a beta of 0.54.

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).