Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 244,497 shares of the exchange traded fund’s stock after purchasing an additional 13,599 shares during the quarter. Alerian MLP ETF makes up about 0.8% of Tectonic Advisors LLC’s holdings, making the stock its 19th biggest position. Tectonic Advisors LLC owned 0.14% of Alerian MLP ETF worth $11,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in shares of Alerian MLP ETF in the 1st quarter valued at $27,000. Asset Dedication LLC increased its holdings in shares of Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 622 shares during the period. Massmutual Trust Co. FSB ADV acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $40,000. ORG Wealth Partners LLC acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $41,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Alerian MLP ETF in the 2nd quarter valued at $52,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $46.93 on Friday. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s fifty day simple moving average is $47.06 and its 200-day simple moving average is $47.01. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44.

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.