Griffin Asset Management Inc. Has $3.53 Million Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Griffin Asset Management Inc. increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 43.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 73,316 shares of the exchange traded fund’s stock after purchasing an additional 22,377 shares during the quarter. Griffin Asset Management Inc.’s holdings in Alerian MLP ETF were worth $3,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in Alerian MLP ETF by 2.0% during the second quarter. Thrivent Financial for Lutherans now owns 26,856 shares of the exchange traded fund’s stock valued at $1,289,000 after acquiring an additional 531 shares during the period. Silver Lake Advisory LLC acquired a new stake in shares of Alerian MLP ETF in the second quarter worth $236,000. NewEdge Advisors LLC grew its stake in shares of Alerian MLP ETF by 233.3% in the second quarter. NewEdge Advisors LLC now owns 375,554 shares of the exchange traded fund’s stock worth $18,019,000 after acquiring an additional 262,884 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Alerian MLP ETF by 18.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 27,216 shares of the exchange traded fund’s stock worth $1,306,000 after acquiring an additional 4,190 shares during the period. Finally, Gateway Wealth Partners LLC raised its stake in Alerian MLP ETF by 6.0% during the 2nd quarter. Gateway Wealth Partners LLC now owns 13,303 shares of the exchange traded fund’s stock valued at $638,000 after purchasing an additional 750 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $51.11 on Tuesday. The company’s fifty day moving average is $49.51 and its two-hundred day moving average is $48.03. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $52.82. The firm has a market capitalization of $9.19 billion, a price-to-earnings 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.