Lake Street Advisors Group LLC Invests $570,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Lake Street Advisors Group LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 12,000 shares of the exchange traded fund’s stock, valued at approximately $570,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rational Advisors LLC bought a new stake in shares of Alerian MLP ETF during the 1st quarter worth approximately $65,064,000. 1832 Asset Management L.P. bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth approximately $51,416,000. International Assets Investment Management LLC lifted its stake in shares of Alerian MLP ETF by 3,469.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after acquiring an additional 986,683 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Alerian MLP ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after acquiring an additional 619,287 shares during the last quarter. Finally, Allen Wealth Management LLC bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth approximately $12,865,000.

Alerian MLP ETF Trading Up 0.3 %

Shares of AMLP stock traded up $0.15 on Thursday, reaching $48.15. 312,204 shares of the company’s stock were exchanged, compared to its average volume of 1,243,085. Alerian MLP ETF has a 52 week low of $40.03 and a 52 week high of $49.44. The stock has a market capitalization of $8.66 billion, a PE ratio of 13.08 and a beta of 0.48. The company’s fifty day simple moving average is $47.10 and its 200 day simple moving average is $46.25.

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.