Prospera Financial Services Inc Grows Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Prospera Financial Services Inc grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 235,401 shares of the exchange traded fund’s stock after acquiring an additional 1,989 shares during the quarter. Prospera Financial Services Inc owned 0.13% of Alerian MLP ETF worth $11,095,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. LPL Financial LLC grew its position in Alerian MLP ETF by 8.9% during the 2nd quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock worth $101,943,000 after purchasing an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Alerian MLP ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after purchasing an additional 272,696 shares during the period. 1832 Asset Management L.P. boosted its position in Alerian MLP ETF by 58.2% in the first quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after buying an additional 703,620 shares during the last quarter. Allen Investment Management LLC increased its holdings in Alerian MLP ETF by 16.8% in the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after buying an additional 188,980 shares during the period. Finally, Raymond James & Associates increased its holdings in Alerian MLP ETF by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after buying an additional 24,674 shares during the period.

Alerian MLP ETF Trading Up 1.0 %

Shares of NYSEARCA AMLP opened at $48.31 on Tuesday. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44. The company has a 50 day simple moving average of $47.29 and a two-hundred day simple moving average of $47.07.

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.