Tradewinds LLC. Has $2.51 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Tradewinds LLC. lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 19.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 53,281 shares of the exchange traded fund’s stock after purchasing an additional 8,815 shares during the period. Tradewinds LLC.’s holdings in Alerian MLP ETF were worth $2,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC grew its stake in shares of Alerian MLP ETF by 8.9% during the second quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock valued at $101,943,000 after purchasing an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Alerian MLP ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after buying an additional 272,696 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Alerian MLP ETF by 58.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after buying an additional 703,620 shares during the period. Allen Investment Management LLC raised its position in shares of Alerian MLP ETF by 16.8% during the second quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after acquiring an additional 188,980 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after acquiring an additional 24,674 shares during the period.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $48.49 on Thursday. The business’s 50-day simple moving average is $47.36 and its 200 day simple moving average is $47.09. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.44.

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.