Greystone Financial Group LLC Acquires 482 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Greystone Financial Group LLC grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 6.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,039 shares of the exchange traded fund’s stock after buying an additional 482 shares during the quarter. Greystone Financial Group LLC’s holdings in Alerian MLP ETF were worth $379,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMLP. LPL Financial LLC grew its stake in Alerian MLP ETF by 8.9% during the 2nd quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock worth $101,943,000 after buying an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Alerian MLP ETF by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after buying an additional 272,696 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Alerian MLP ETF by 58.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after buying an additional 703,620 shares during the last quarter. Allen Investment Management LLC grew its stake in Alerian MLP ETF by 16.8% during the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after buying an additional 188,980 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Alerian MLP ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after buying an additional 24,674 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $46.94 on Thursday. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $49.44. The stock’s fifty day moving average price is $47.04 and its 200 day moving average price is $47.01. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.