Alerian MLP ETF $AMLP Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 28.4% during the first quarter, Holdings Channel reports. The fund owned 286,205 shares of the exchange traded fund’s stock after purchasing an additional 63,244 shares during the quarter. Alerian MLP ETF accounts for 0.9% of North Star Investment Management Corp.’s investment portfolio, making the stock its 16th largest holding. North Star Investment Management Corp.’s holdings in Alerian MLP ETF were worth $15,066,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Bank of America Corp DE increased its holdings in Alerian MLP ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after purchasing an additional 54,835 shares during the last quarter. Allen Investment Management LLC boosted its stake in shares of Alerian MLP ETF by 7.1% during the 4th quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock valued at $176,376,000 after buying an additional 249,766 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after buying an additional 152,451 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after buying an additional 262,817 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Alerian MLP ETF by 17.7% in the fourth quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock worth $66,275,000 after buying an additional 211,540 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP opened at $51.44 on Monday. The stock has a market capitalization of $12.00 billion, a PE ratio of 14.17 and a beta of 0.50. The firm’s fifty day moving average price is $52.54 and its 200 day moving average price is $51.10. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22.

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).