TT Capital Management LLC Purchases New Stake in Alerian MLP ETF $AMLP

TT Capital Management LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,095 shares of the exchange traded fund’s stock, valued at approximately $982,000.

Several other institutional investors also recently made changes to their positions in AMLP. Thompson Davis & CO. Inc. acquired a new position in shares of Alerian MLP ETF during the 2nd quarter worth $243,000. Newbridge Financial Services Group Inc. boosted its holdings in Alerian MLP ETF by 880.8% during the second quarter. Newbridge Financial Services Group Inc. now owns 13,417 shares of the exchange traded fund’s stock worth $656,000 after buying an additional 12,049 shares in the last quarter. Marex Group plc acquired a new position in Alerian MLP ETF during the second quarter worth about $794,000. Advisory Services Network LLC increased its holdings in Alerian MLP ETF by 7.6% in the second quarter. Advisory Services Network LLC now owns 159,884 shares of the exchange traded fund’s stock valued at $8,005,000 after buying an additional 11,355 shares in the last quarter. Finally, Brick & Kyle Associates increased its holdings in Alerian MLP ETF by 1.7% in the second quarter. Brick & Kyle Associates now owns 164,125 shares of the exchange traded fund’s stock valued at $7,906,000 after buying an additional 2,714 shares in the last quarter.

Alerian MLP ETF Trading Up 0.2%

AMLP stock opened at $47.41 on Friday. The firm has a 50 day moving average of $46.78 and a 200-day moving average of $47.81. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24.

Alerian MLP ETF Company 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.