Griffin Asset Management Inc. boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 43.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,316 shares of the exchange traded fund’s stock after purchasing an additional 22,377 shares during the period. Griffin Asset Management Inc.’s holdings in Alerian MLP ETF were worth $3,531,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in AMLP. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF during the 3rd quarter valued at $28,000. City State Bank acquired a new position in Alerian MLP ETF in the 4th quarter worth about $40,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter worth about $40,000. ORG Wealth Partners LLC purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter worth about $41,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at about $65,000.
Alerian MLP ETF Stock Performance
NYSEARCA:AMLP opened at $51.11 on Tuesday. The company has a market capitalization of $9.19 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock’s 50 day moving average price is $49.51 and its 200 day moving average price is $48.03. Alerian MLP ETF has a 52 week low of $43.02 and a 52 week high of $52.82.
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.
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