Armstrong Advisory Group Inc. lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 65.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,804 shares of the exchange traded fund’s stock after acquiring an additional 5,052 shares during the period. Armstrong Advisory Group Inc.’s holdings in Alerian MLP ETF were worth $617,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in AMLP. LPL Financial LLC increased its holdings in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after acquiring an additional 275,254 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Alerian MLP ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after purchasing an additional 272,696 shares during the last quarter. Raymond James & Associates increased its stake in shares of Alerian MLP ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares in the last quarter. Stephens Inc. AR raised its position in shares of Alerian MLP ETF by 2.8% during the 3rd quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after purchasing an additional 26,882 shares during the last quarter. Finally, Naviter Wealth LLC lifted its stake in Alerian MLP ETF by 14.2% in the 3rd quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after buying an additional 108,804 shares in the last quarter.
Alerian MLP ETF Stock Performance
Alerian MLP ETF stock opened at $50.79 on Thursday. Alerian MLP ETF has a fifty-two week low of $42.25 and a fifty-two week high of $51.47. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock has a fifty day moving average of $48.83 and a two-hundred day moving average of $47.81.
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.
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