Alerian MLP ETF $AMLP Shares Bought by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 21.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,623 shares of the exchange traded fund’s stock after buying an additional 25,279 shares during the quarter. DAVENPORT & Co LLC owned 0.07% of Alerian MLP ETF worth $6,740,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Nova Wealth Management Inc. bought a new position in Alerian MLP ETF during the 2nd quarter valued at $28,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $29,000. Manchester Capital Management LLC acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at about $29,000. GAMMA Investing LLC lifted its position in shares of Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Alerian MLP ETF during the second quarter worth about $39,000.

Alerian MLP ETF Stock Down 0.0%

Shares of Alerian MLP ETF stock opened at $47.18 on Friday. The business has a 50-day moving average price of $47.02 and a 200 day moving average price of $47.74. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The firm has a market cap of $10.35 billion, a P/E ratio of 14.17 and a beta of 0.70.

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. 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).