Riggs Asset Managment Co. Inc. increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,559 shares of the exchange traded fund’s stock after acquiring an additional 5,479 shares during the period. Alerian MLP ETF comprises 2.7% of Riggs Asset Managment Co. Inc.’s investment portfolio, making the stock its 8th biggest position. Riggs Asset Managment Co. Inc. owned approximately 0.12% of Alerian MLP ETF worth $10,013,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilton Capital Management LLC purchased a new stake in shares of Alerian MLP ETF during the third quarter worth $31,562,000. EP Wealth Advisors LLC raised its position in Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares in the last quarter. School Employees Retirement Board of Ohio purchased a new position in shares of Alerian MLP ETF in the 3rd quarter valued at about $14,643,000. LPL Financial LLC grew its position in shares of Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after buying an additional 275,254 shares in the last quarter. Finally, Crescent Grove Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth approximately $12,868,000.
Alerian MLP ETF Price Performance
Shares of NYSEARCA AMLP opened at $51.57 on Friday. Alerian MLP ETF has a 1 year low of $43.02 and a 1 year high of $52.82. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The business has a 50-day moving average of $49.74 and a two-hundred day moving average of $48.12.
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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