Peddock Capital Advisors LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 606.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,078 shares of the exchange traded fund’s stock after acquiring an additional 25,820 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $1,560,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Allen Investment Management LLC raised its stake in Alerian MLP ETF by 6.8% in the 1st quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock valued at $210,851,000 after purchasing an additional 254,444 shares during the last quarter. Royal Bank of Canada lifted its holdings in Alerian MLP ETF by 6.8% in the 1st quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after purchasing an additional 154,146 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Alerian MLP ETF by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock valued at $50,072,000 after purchasing an additional 57,663 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Alerian MLP ETF by 6.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock worth $46,463,000 after purchasing an additional 56,516 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Alerian MLP ETF by 12.6% during the 2nd quarter. NewEdge Advisors LLC now owns 627,920 shares of the exchange traded fund’s stock worth $32,558,000 after purchasing an additional 70,402 shares during the last quarter.
Alerian MLP ETF Trading Up 1.4%
Shares of NYSEARCA AMLP traded up $0.72 during midday trading on Friday, reaching $52.63. 809,157 shares of the stock were exchanged, compared to its average volume of 1,500,934. The company has a market capitalization of $12.69 billion, a P/E ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a 52-week low of $45.22 and a 52-week high of $56.43. The stock has a 50 day moving average price of $54.29 and a 200-day moving average price of $53.39.
Alerian MLP ETF Company 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).
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