D.A. Davidson & CO. Boosts Stake in Alerian MLP ETF $AMLP

D.A. Davidson & CO. increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,419 shares of the exchange traded fund’s stock after purchasing an additional 10,048 shares during the period. D.A. Davidson & CO. owned 0.15% of Alerian MLP ETF worth $15,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMLP. Bank of America Corp DE boosted its holdings in shares of Alerian MLP ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after buying an additional 54,835 shares in the last quarter. Allen Investment Management LLC increased its stake in shares of Alerian MLP ETF by 9.1% in the 3rd quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after acquiring an additional 291,011 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Alerian MLP ETF by 5.9% in the 2nd quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after acquiring an additional 152,451 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Alerian MLP ETF by 19.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after acquiring an additional 262,817 shares during the period. Finally, Naviter Wealth LLC lifted its position in Alerian MLP ETF by 6.6% during the 3rd quarter. Naviter Wealth LLC now owns 1,397,127 shares of the exchange traded fund’s stock valued at $65,567,000 after acquiring an additional 85,938 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $52.02 on Tuesday. The firm has a market capitalization of $12.11 billion, a P/E ratio of 14.17 and a beta of 0.56. Alerian MLP ETF has a one year low of $44.64 and a one year high of $54.20. The company’s 50-day simple moving average is $52.25 and its 200 day simple moving average is $49.35.

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).