Concurrent Investment Advisors LLC Has $500,000 Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Concurrent Investment Advisors LLC increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 56.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,618 shares of the exchange traded fund’s stock after purchasing an additional 3,845 shares during the period. Concurrent Investment Advisors LLC’s holdings in Alerian MLP ETF were worth $500,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Retirement Planning Group LLC boosted its position in shares of Alerian MLP ETF by 24.3% in the 2nd quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock worth $365,000 after purchasing an additional 1,489 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Alerian MLP ETF by 22.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock valued at $706,000 after acquiring an additional 2,673 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Alerian MLP ETF during the 1st quarter worth approximately $228,000. Optimum Investment Advisors grew its holdings in Alerian MLP ETF by 40.0% during the second quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 400 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Alerian MLP ETF by 94.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,676 shares of the exchange traded fund’s stock valued at $744,000 after purchasing an additional 7,614 shares in the last quarter.

Alerian MLP ETF Stock Down 0.4 %

Shares of NYSEARCA AMLP opened at $48.18 on Friday. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.44. The company’s fifty day moving average is $47.15 and its 200-day moving average is $47.05. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.