Synovus Financial Corp Purchases 1,986 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Synovus Financial Corp raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,615 shares of the exchange traded fund’s stock after acquiring an additional 1,986 shares during the period. Synovus Financial Corp’s holdings in Alerian MLP ETF were worth $1,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after purchasing an additional 16,560 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Alerian MLP ETF by 2.1% in the second quarter. Apollon Wealth Management LLC now owns 74,193 shares of the exchange traded fund’s stock valued at $3,560,000 after acquiring an additional 1,526 shares during the period. Regency Capital Management Inc. DE boosted its position in shares of Alerian MLP ETF by 173.7% in the third quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock valued at $4,627,000 after acquiring an additional 62,304 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF in the third quarter worth $65,000. Finally, Zions Bancorporation N.A. bought a new position in Alerian MLP ETF during the second quarter worth $96,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $49.09 on Monday. The company has a market cap of $8.83 billion, a PE ratio of 13.08 and a beta of 0.48. The firm has a fifty day moving average price of $48.20 and a two-hundred day moving average price of $47.49. Alerian MLP ETF has a fifty-two week low of $41.80 and a fifty-two week high of $51.47.

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.