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

Tectonic Advisors LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 244,497 shares of the exchange traded fund’s stock after acquiring 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 largest holding. Tectonic Advisors LLC’s holdings in Alerian MLP ETF were worth $11,523,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMLP. Russell Investments Group Ltd. purchased a new stake in shares of Alerian MLP ETF during the 1st quarter worth $27,000. Asset Dedication LLC boosted its position in shares of Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $40,000. ORG Wealth Partners LLC purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $41,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $49,000.

Alerian MLP ETF Stock Down 0.0 %

Alerian MLP ETF stock opened at $46.93 on Friday. Alerian MLP ETF has a 52 week low of $41.06 and a 52 week high of $49.44. The firm’s 50-day simple moving average is $47.06 and its 200 day simple moving average is $47.01. The firm has a market capitalization of $8.44 billion, a PE 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.