Parallel Advisors LLC Purchases 16,799 Shares of Alerian MLP ETF $AMLP

Parallel Advisors LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 211.5% in the 4th quarter, HoldingsChannel reports. The firm owned 24,740 shares of the exchange traded fund’s stock after buying an additional 16,799 shares during the period. Parallel Advisors LLC’s holdings in Alerian MLP ETF were worth $1,163,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMLP. Brighton Jones LLC raised its stake in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Alerian MLP ETF by 16.4% in the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock worth $6,898,000 after acquiring an additional 19,916 shares during the last quarter. Sei Investments Co. bought a new position in shares of Alerian MLP ETF in the second quarter worth about $623,000. Diversify Advisory Services LLC bought a new position in shares of Alerian MLP ETF in the second quarter worth about $224,000. Finally, Quantinno Capital Management LP raised its stake in shares of Alerian MLP ETF by 63.3% in the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after acquiring an additional 19,678 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $52.77 on Monday. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.22. The company has a market cap of $12.31 billion, a PE ratio of 14.17 and a beta of 0.50. The company has a 50-day moving average of $52.86 and a two-hundred day moving average of $50.67.

About Alerian MLP ETF

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).