Douglass Winthrop Advisors LLC Boosts Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Douglass Winthrop Advisors LLC grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 16.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,055 shares of the exchange traded fund’s stock after buying an additional 1,000 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Alerian MLP ETF were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMLP. Russell Investments Group Ltd. acquired a new position in Alerian MLP ETF in the first quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $28,000. Asset Dedication LLC increased its stake in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 622 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $40,000. Finally, ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF in the 3rd quarter valued at approximately $41,000.

Alerian MLP ETF Trading Down 0.9 %

NYSEARCA:AMLP opened at $49.16 on Tuesday. The stock has a fifty day moving average price of $47.48 and a 200 day moving average price of $47.13. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.90. The firm has a market cap of $8.84 billion, a PE 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.