D.A. Davidson & CO. Increases Position in Alerian MLP ETF (NYSEARCA:AMLP)

D.A. Davidson & CO. grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 18.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,267 shares of the exchange traded fund’s stock after buying an additional 17,362 shares during the quarter. D.A. Davidson & CO.’s holdings in Alerian MLP ETF were worth $5,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Planning Group LLC boosted its position in Alerian MLP ETF by 24.3% in the 2nd quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock valued at $365,000 after buying an additional 1,489 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Alerian MLP ETF by 22.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock valued at $706,000 after acquiring an additional 2,673 shares in the last quarter. Optimum Investment Advisors lifted its stake in Alerian MLP ETF by 40.0% in the second quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock worth $67,000 after acquiring an additional 400 shares during the last quarter. Farther Finance Advisors LLC grew its holdings 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 worth $927,000 after acquiring an additional 16,560 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Alerian MLP ETF by 2.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 74,193 shares of the exchange traded fund’s stock valued at $3,560,000 after purchasing an additional 1,526 shares during the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $50.31 on Thursday. The stock’s fifty day moving average is $47.52 and its two-hundred day moving average is $47.15. The stock has a market cap of $9.05 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $50.51.

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.