Graypoint LLC Acquires 1,066 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Graypoint LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,020 shares of the exchange traded fund’s stock after purchasing an additional 1,066 shares during the period. Graypoint LLC’s holdings in Alerian MLP ETF were worth $849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF during the first quarter worth about $27,000. Asset Dedication LLC lifted its holdings in Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of Alerian MLP ETF in the third quarter valued at about $40,000. ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF in the third quarter valued at about $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the second quarter valued at about $49,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $48.36 on Friday. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock’s 50-day moving average is $47.14 and its 200-day moving average is $47.05. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.44.

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.