Schuylkill Financial LLC Buys New Shares in Alerian MLP ETF $AMLP

Schuylkill Financial LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,878 shares of the exchange traded fund’s stock, valued at approximately $927,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new position in shares of Alerian MLP ETF in the second quarter valued at $213,000. Highland Investment Advisors LLC acquired a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at $128,000. Invested Advisors boosted its stake in shares of Alerian MLP ETF by 38.6% during the 2nd quarter. Invested Advisors now owns 5,312 shares of the exchange traded fund’s stock worth $275,000 after acquiring an additional 1,480 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Alerian MLP ETF by 29.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 70,943 shares of the exchange traded fund’s stock worth $3,678,000 after acquiring an additional 16,270 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of Alerian MLP ETF by 0.6% in the 2nd quarter. Continuum Advisory LLC now owns 95,515 shares of the exchange traded fund’s stock worth $4,952,000 after acquiring an additional 579 shares during the last quarter.

Alerian MLP ETF Stock Up 0.5%

Shares of Alerian MLP ETF stock opened at $55.72 on Friday. The stock’s fifty day moving average is $54.32 and its 200-day moving average is $53.10. The firm has a market capitalization of $13.09 billion, a PE ratio of 14.17 and a beta of 0.51. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $56.06.

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).