L & S Advisors Inc Invests $3.36 Million in Alerian MLP ETF (NYSEARCA:AMLP)

L & S Advisors Inc acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 71,198 shares of the exchange traded fund’s stock, valued at approximately $3,356,000.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares during the period. Tradewinds LLC. raised its holdings in shares of Alerian MLP ETF by 19.8% in the 3rd quarter. Tradewinds LLC. now owns 53,281 shares of the exchange traded fund’s stock worth $2,511,000 after purchasing an additional 8,815 shares during the period. Glaxis Capital Management LLC grew its stake in shares of Alerian MLP ETF by 166.7% in the third quarter. Glaxis Capital Management LLC now owns 40,000 shares of the exchange traded fund’s stock valued at $1,885,000 after buying an additional 25,000 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF in the third quarter valued at about $65,000. Finally, Hilton Capital Management LLC acquired a new stake in shares of Alerian MLP ETF in the third quarter valued at about $31,562,000.

Alerian MLP ETF Stock Performance

AMLP stock opened at $48.49 on Thursday. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The firm has a market cap of $8.72 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock has a 50-day simple moving average of $47.36 and a 200-day simple moving average of $47.09.

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.