Griffin Asset Management Inc. Grows Position in Alerian MLP ETF (NYSEARCA:AMLP)

Griffin Asset Management Inc. grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,939 shares of the exchange traded fund’s stock after buying an additional 3,119 shares during the period. Griffin Asset Management Inc.’s holdings in Alerian MLP ETF were worth $2,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Alerian MLP ETF in the 1st quarter valued at $27,000. Asset Dedication LLC grew its stake in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in Alerian MLP ETF during the 3rd quarter valued at about $40,000. ORG Wealth Partners LLC acquired a new position in shares of Alerian MLP ETF in the third quarter valued at about $41,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Alerian MLP ETF in the second quarter worth about $49,000.

Alerian MLP ETF Trading Down 0.9 %

Shares of NYSEARCA:AMLP opened at $47.23 on Wednesday. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.44. The company’s 50 day moving average is $46.87 and its 200 day moving average is $47.04. The company has a market cap of $8.50 billion, a PE ratio of 13.08 and a beta of 0.48.

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.