Brown Brothers Harriman & Co. Raises Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Brown Brothers Harriman & Co. increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 32.1% in the 2nd quarter, Holdings Channel reports. The firm owned 1,647 shares of the exchange traded fund’s stock after buying an additional 400 shares during the period. Brown Brothers Harriman & Co.’s holdings in Alerian MLP ETF were worth $79,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC grew its position in Alerian MLP ETF by 8.9% during the 2nd quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock worth $101,943,000 after purchasing an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Alerian MLP ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after buying an additional 272,696 shares during the period. 1832 Asset Management L.P. grew its holdings in shares of Alerian MLP ETF by 58.2% during the first quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after buying an additional 703,620 shares during the last quarter. Allen Investment Management LLC increased its position in Alerian MLP ETF by 16.8% in the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock valued at $63,115,000 after acquiring an additional 188,980 shares during the period. Finally, TIAA Trust National Association raised its stake in Alerian MLP ETF by 1.1% during the 1st quarter. TIAA Trust National Association now owns 980,836 shares of the exchange traded fund’s stock valued at $46,550,000 after acquiring an additional 10,517 shares during the last quarter.

Alerian MLP ETF Trading Down 0.3 %

Shares of AMLP stock opened at $47.20 on Friday. The company has a market capitalization of $8.49 billion, a P/E ratio of 13.08 and a beta of 0.48. The business’s 50 day moving average is $47.18 and its two-hundred day moving average is $46.97. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44.

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.