Alerian MLP ETF $AMLP Shares Newly Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, HoldingsChannel reports. The institutional investor purchased 193,900 shares of the exchange traded fund’s stock, valued at approximately $10,286,000. Alerian MLP ETF makes up approximately 1.4% of Sanders Morris Harris LLC’s portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Mayfair Advisory Group LLC lifted its position in shares of Alerian MLP ETF by 3.4% during the first quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock worth $320,000 after purchasing an additional 200 shares in the last quarter. Noesis Capital Mangement Corp increased its stake in shares of Alerian MLP ETF by 3.0% in the first quarter. Noesis Capital Mangement Corp now owns 6,900 shares of the exchange traded fund’s stock worth $363,000 after buying an additional 200 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in Alerian MLP ETF by 2.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 7,563 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 200 shares in the last quarter. Heartwood Wealth Advisors LLC raised its stake in shares of Alerian MLP ETF by 0.4% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 47,543 shares of the exchange traded fund’s stock valued at $2,466,000 after purchasing an additional 201 shares in the last quarter. Finally, Consolidated Capital Management LLC raised its stake in shares of Alerian MLP ETF by 1.6% in the 3rd quarter. Consolidated Capital Management LLC now owns 13,083 shares of the exchange traded fund’s stock valued at $679,000 after purchasing an additional 203 shares in the last quarter.

Alerian MLP ETF Stock Down 0.6%

Shares of AMLP traded down $0.33 during mid-day trading on Wednesday, hitting $52.38. The stock had a trading volume of 1,044,172 shares, compared to its average volume of 1,507,522. The company has a market cap of $12.63 billion, a PE ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a fifty-two week low of $45.22 and a fifty-two week high of $56.43. The company’s fifty day simple moving average is $54.43 and its two-hundred day simple moving average is $53.41.

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).