Traub Capital Management LLC Makes New Investment in Alerian MLP ETF $AMLP

Traub Capital Management LLC acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, HoldingsChannel.com reports. The fund acquired 2,280 shares of the exchange traded fund’s stock, valued at approximately $111,000.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its stake in Alerian MLP ETF by 15.6% during the first quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after acquiring an additional 437,947 shares in the last quarter. Allen Investment Management LLC boosted its holdings in shares of Alerian MLP ETF by 31.7% during the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after purchasing an additional 740,605 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Alerian MLP ETF by 18.6% during the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after purchasing an additional 401,133 shares in the last quarter. Naviter Wealth LLC increased its holdings in shares of Alerian MLP ETF by 17.5% in the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock worth $64,065,000 after purchasing an additional 194,949 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Alerian MLP ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock worth $54,414,000 after purchasing an additional 14,538 shares during the last quarter.

Alerian MLP ETF Trading Up 0.0%

Shares of Alerian MLP ETF stock opened at $46.81 on Thursday. The firm has a market cap of $10.27 billion, a PE ratio of 14.17 and a beta of 0.70. The stock has a 50 day moving average of $46.72 and a 200 day moving average of $47.94. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24.

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.