12,101 Shares in Alerian MLP ETF $AMLP Purchased by Ballentine Partners LLC

Ballentine Partners LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,101 shares of the exchange traded fund’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after acquiring an additional 7,280 shares in the last quarter. Truist Financial Corp boosted its position in Alerian MLP ETF by 0.6% during the second quarter. Truist Financial Corp now owns 88,151 shares of the exchange traded fund’s stock worth $4,307,000 after purchasing an additional 529 shares during the period. PFG Investments LLC grew its stake in Alerian MLP ETF by 3.6% in the 2nd quarter. PFG Investments LLC now owns 23,540 shares of the exchange traded fund’s stock valued at $1,150,000 after buying an additional 822 shares during the last quarter. Pure Financial Advisors LLC grew its position in shares of Alerian MLP ETF by 7.2% in the second quarter. Pure Financial Advisors LLC now owns 30,015 shares of the exchange traded fund’s stock valued at $1,467,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Alerian MLP ETF in the 2nd quarter worth approximately $210,000.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $50.03 on Friday. The company has a fifty day moving average price of $47.91 and a 200 day moving average price of $47.68. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The stock has a market cap of $11.20 billion, a P/E ratio of 14.17 and a beta of 0.70.

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).