Sacks & Associates LLC Makes New $4.64 Million Investment in Alerian MLP ETF $AMLP

Sacks & Associates LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 84,244 shares of the exchange traded fund’s stock, valued at approximately $4,645,000. Alerian MLP ETF makes up about 3.2% of Sacks & Associates LLC’s portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invested Advisors grew its holdings in shares of Alerian MLP ETF by 38.6% in the second quarter. Invested Advisors now owns 5,312 shares of the exchange traded fund’s stock valued at $275,000 after purchasing an additional 1,480 shares in the last quarter. Steinberganna Wealth Management increased its position in Alerian MLP ETF by 34.8% in the second quarter. Steinberganna Wealth Management now owns 5,941 shares of the exchange traded fund’s stock worth $308,000 after purchasing an additional 1,534 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Alerian MLP ETF by 0.3% during the second quarter. Checchi Capital Advisers LLC now owns 298,363 shares of the exchange traded fund’s stock valued at $15,470,000 after purchasing an additional 758 shares in the last quarter. Investment Partners LTD. raised its position in shares of Alerian MLP ETF by 22.2% during the 2nd quarter. Investment Partners LTD. now owns 6,502 shares of the exchange traded fund’s stock valued at $337,000 after buying an additional 1,183 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its position in Alerian MLP ETF by 17.1% during the second quarter. Transcend Capital Advisors LLC now owns 194,367 shares of the exchange traded fund’s stock valued at $10,078,000 after purchasing an additional 28,415 shares during the period.

Alerian MLP ETF Stock Up 1.1%

Shares of AMLP opened at $54.96 on Friday. The business has a fifty day moving average of $53.18 and a 200 day moving average of $52.59. The company has a market cap of $12.91 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.66.

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).