Janney Montgomery Scott LLC Grows Stock Position in Alerian MLP ETF $AMLP

Janney Montgomery Scott LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 549,908 shares of the exchange traded fund’s stock after purchasing an additional 52,941 shares during the quarter. Janney Montgomery Scott LLC owned 0.24% of Alerian MLP ETF worth $28,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new position in Alerian MLP ETF during the 4th quarter worth $43,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Alerian MLP ETF by 800.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Alerian MLP ETF during the fourth quarter worth about $57,000. Palladiem LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter worth about $60,000. Finally, BROOKFIELD Corp ON purchased a new position in Alerian MLP ETF during the second quarter worth about $65,000.

Alerian MLP ETF Stock Up 0.5%

Shares of NYSEARCA:AMLP opened at $51.71 on Tuesday. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The company has a 50-day moving average price of $52.54 and a 200 day moving average price of $51.13. The company has a market cap of $12.06 billion, a P/E ratio of 14.17 and a beta of 0.50.

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. 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).