Salem Investment Counselors Inc. Has $3.32 Million Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Salem Investment Counselors Inc. raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,021 shares of the exchange traded fund’s stock after purchasing an additional 1,039 shares during the period. Salem Investment Counselors Inc.’s holdings in Alerian MLP ETF were worth $3,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMLP. Hilton Capital Management LLC bought a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $31,562,000. EP Wealth Advisors LLC grew its position in Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after purchasing an additional 506,582 shares in the last quarter. Blair William & Co. IL increased its stake in Alerian MLP ETF by 260.0% in the 2nd quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after buying an additional 350,196 shares during the last quarter. School Employees Retirement Board of Ohio bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth approximately $14,643,000. Finally, LPL Financial LLC boosted its stake in shares of Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after buying an additional 275,254 shares during the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP traded up $0.47 during trading on Monday, reaching $49.65. The company’s stock had a trading volume of 959,203 shares, compared to its average volume of 1,134,585. Alerian MLP ETF has a 12 month low of $42.25 and a 12 month high of $51.47. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm has a 50 day moving average of $48.71 and a 200-day moving average of $47.78.

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.