Sumitomo Mitsui Trust Group Inc. Increases Holdings in Alerian MLP ETF $AMLP

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 960,485 shares of the exchange traded fund’s stock after acquiring an additional 24,497 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Alerian MLP ETF were worth $46,929,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Alerian MLP ETF by 15.6% during the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after acquiring an additional 437,947 shares in the last quarter. Allen Investment Management LLC raised its position in shares of Alerian MLP ETF by 31.7% during the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after purchasing an additional 740,605 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Alerian MLP ETF by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock worth $133,140,000 after purchasing an additional 401,133 shares during the last quarter. Naviter Wealth LLC raised its position in shares of Alerian MLP ETF by 17.5% during the 2nd quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock worth $64,065,000 after purchasing an additional 194,949 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of Alerian MLP ETF by 1.1% during the 2nd quarter. Stephens Inc. AR now owns 1,074,933 shares of the exchange traded fund’s stock worth $52,521,000 after purchasing an additional 11,525 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $46.91 on Tuesday. The business has a 50 day moving average price of $47.15 and a 200 day moving average price of $48.12. The company has a market capitalization of $10.32 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24.

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.