Commerce Bank Has $7.18 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Commerce Bank raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 149,145 shares of the exchange traded fund’s stock after purchasing an additional 6,795 shares during the quarter. Commerce Bank’s holdings in Alerian MLP ETF were worth $7,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in Alerian MLP ETF by 3,928.2% during the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after purchasing an additional 15,821,509 shares during the period. Wells Fargo & Company MN boosted its position in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock valued at $303,376,000 after acquiring an additional 1,023,323 shares during the period. LPL Financial LLC boosted its position in shares of Alerian MLP ETF by 16.7% in the fourth quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock valued at $134,897,000 after acquiring an additional 401,061 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth $104,132,000. Finally, Stephens Inc. AR increased its position in Alerian MLP ETF by 9.7% during the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after acquiring an additional 95,191 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $48.64 on Friday. The company’s fifty day moving average is $50.33 and its two-hundred day moving average is $49.51. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99.

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.