Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 984,226 shares of the exchange traded fund’s stock after purchasing an additional 26,882 shares during the quarter. Alerian MLP ETF accounts for approximately 0.7% of Stephens Inc. AR’s holdings, making the stock its 27th largest position. Stephens Inc. AR’s holdings in Alerian MLP ETF were worth $46,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Alerian MLP ETF in the first quarter worth $27,000. Asset Dedication LLC boosted its stake in Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF during the third quarter valued at about $40,000. ORG Wealth Partners LLC bought a new position in Alerian MLP ETF during the third quarter valued at about $41,000. Finally, Strategic Financial Concepts LLC bought a new position in Alerian MLP ETF during the second quarter valued at about $49,000.

Alerian MLP ETF Stock Down 0.4 %

Shares of AMLP stock opened at $46.53 on Friday. The stock has a 50-day simple moving average of $47.06 and a 200 day simple moving average of $47.00. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44. The stock has a market capitalization of $8.37 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.