DAVENPORT & Co LLC Has $4.24 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

DAVENPORT & Co LLC grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 44.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,035 shares of the exchange traded fund’s stock after buying an additional 27,183 shares during the period. DAVENPORT & Co LLC’s holdings in Alerian MLP ETF were worth $4,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC grew its stake 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 purchasing an additional 275,254 shares during the period. Raymond James & Associates grew its stake in shares of Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares during the period. Stephens Inc. AR grew its stake in shares of Alerian MLP ETF by 2.8% during the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after purchasing an additional 26,882 shares during the period. Naviter Wealth LLC grew its stake in shares of Alerian MLP ETF by 14.2% during the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock worth $41,337,000 after purchasing an additional 108,804 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Alerian MLP ETF by 10.7% during the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after purchasing an additional 83,961 shares during the period.

Alerian MLP ETF Stock Up 1.4 %

Shares of Alerian MLP ETF stock opened at $52.31 on Tuesday. Alerian MLP ETF has a 12 month low of $43.02 and a 12 month high of $52.82. The business has a fifty day simple moving average of $49.80 and a 200 day simple moving average of $48.14. The stock has a market cap of $9.41 billion, a PE 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.