MML Investors Services LLC Has $6.20 Million Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

MML Investors Services LLC decreased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,672 shares of the exchange traded fund’s stock after selling 8,059 shares during the quarter. MML Investors Services LLC owned about 0.07% of Alerian MLP ETF worth $6,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC grew its holdings in Alerian MLP ETF by 38.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after acquiring an additional 9,088 shares during the period. JPMorgan Chase & Co. increased its holdings in Alerian MLP ETF by 22.6% in the fourth quarter. JPMorgan Chase & Co. now owns 65,240 shares of the exchange traded fund’s stock valued at $3,142,000 after purchasing an additional 12,026 shares during the last quarter. Edgemoor Investment Advisors Inc. acquired a new position in Alerian MLP ETF in the fourth quarter valued at about $214,000. Bank of Montreal Can boosted its holdings in Alerian MLP ETF by 7.7% during the fourth quarter. Bank of Montreal Can now owns 15,463 shares of the exchange traded fund’s stock worth $745,000 after buying an additional 1,103 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $211,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $49.64 on Friday. The firm has a 50 day moving average price of $50.13 and a 200 day moving average price of $49.52. The stock has a market cap of $10.32 billion, a P/E ratio of 13.17 and a beta of 0.99. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24.

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.