J2 Capital Management Inc Takes $682,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

J2 Capital Management Inc acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, Holdings Channel reports. The fund acquired 14,168 shares of the exchange traded fund’s stock, valued at approximately $682,000. Alerian MLP ETF accounts for about 0.6% of J2 Capital Management Inc’s portfolio, making the stock its 27th largest holding.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Alerian MLP ETF by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 7,285 shares of the exchange traded fund’s stock valued at $350,000 after purchasing an additional 433 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Alerian MLP ETF by 2.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 183,962 shares of the exchange traded fund’s stock valued at $8,826,000 after buying an additional 4,116 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Alerian MLP ETF by 22.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 21,066 shares of the exchange traded fund’s stock worth $1,011,000 after buying an additional 3,861 shares during the period. Benjamin Edwards Inc. increased its holdings in Alerian MLP ETF by 47.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 20,362 shares of the exchange traded fund’s stock worth $977,000 after buying an additional 6,514 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Alerian MLP ETF by 2.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 26,856 shares of the exchange traded fund’s stock worth $1,289,000 after buying an additional 531 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP stock opened at $51.71 on Friday. The firm’s fifty day simple moving average is $49.01 and its 200-day simple moving average is $47.88. Alerian MLP ETF has a 12 month low of $42.25 and a 12 month high of $51.75. The company has a market capitalization of $9.30 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.