L & S Advisors Inc Buys Shares of 71,198 Alerian MLP ETF (NYSEARCA:AMLP)

L & S Advisors Inc bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, Holdings Channel reports. The institutional investor bought 71,198 shares of the exchange traded fund’s stock, valued at approximately $3,356,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Alerian MLP ETF by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after acquiring an additional 272,696 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Alerian MLP ETF by 58.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after acquiring an additional 703,620 shares in the last quarter. Allen Investment Management LLC boosted its stake in shares of Alerian MLP ETF by 16.8% during 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 acquiring an additional 188,980 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Alerian MLP ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after acquiring an additional 24,674 shares in the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $48.49 on Thursday. The company has a market cap of $8.72 billion, a PE ratio of 13.08 and a beta of 0.48. The stock has a 50-day moving average of $47.36 and a 200-day moving average of $47.09. Alerian MLP ETF has a 52-week low of $41.06 and a 52-week high of $49.44.

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.