Traders Buy Shares of Alerian MLP (AMLP) on Weakness

Investors purchased shares of Alerian MLP (NYSEARCA:AMLP) on weakness during trading on Monday. $63.42 million flowed into the stock on the tick-up and $38.57 million flowed out of the stock on the tick-down, for a money net flow of $24.85 million into the stock. Of all companies tracked, Alerian MLP had the 12th highest net in-flow for the day. Alerian MLP traded down ($0.05) for the day and closed at $10.79

The firm has a market cap of $10,540.00 and a PE ratio of 5.37.

A number of hedge funds have recently made changes to their positions in AMLP. TIAA FSB acquired a new position in Alerian MLP in the 2nd quarter valued at about $81,901,000. MPS Loria Financial Planners LLC acquired a new position in Alerian MLP in the 2nd quarter valued at about $11,413,000. Ameriprise Financial Inc. raised its stake in Alerian MLP by 12.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,268,237 shares of the exchange traded fund’s stock valued at $58,849,000 after purchasing an additional 595,804 shares during the last quarter. Edge Wealth Management LLC raised its stake in Alerian MLP by 24.0% in the 3rd quarter. Edge Wealth Management LLC now owns 954,969 shares of the exchange traded fund’s stock valued at $10,752,000 after purchasing an additional 184,892 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Alerian MLP in the 3rd quarter valued at about $1,982,000.

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Alerian MLP 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.

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