Crescent Grove Advisors LLC Purchases New Shares in Alerian MLP ETF (NYSEARCA:AMLP)

Crescent Grove Advisors LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 267,199 shares of the exchange traded fund’s stock, valued at approximately $12,868,000. Alerian MLP ETF accounts for 1.3% of Crescent Grove Advisors LLC’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Alerian MLP ETF by 2.0% in 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 buying an additional 531 shares during the period. Brick & Kyle Associates lifted its position in shares of Alerian MLP ETF by 3.5% during the 2nd quarter. Brick & Kyle Associates now owns 140,219 shares of the exchange traded fund’s stock valued at $6,728,000 after acquiring an additional 4,738 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at $236,000. NewEdge Advisors LLC grew its holdings in shares of Alerian MLP ETF by 233.3% during the 2nd quarter. NewEdge Advisors LLC now owns 375,554 shares of the exchange traded fund’s stock worth $18,019,000 after purchasing an additional 262,884 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Alerian MLP ETF by 18.2% in 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 purchasing an additional 4,190 shares during the period.

Alerian MLP ETF Stock Up 0.0 %

AMLP opened at $52.10 on Friday. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $43.02 and a twelve month high of $52.82. The company has a 50-day simple moving average of $49.45 and a 200 day simple moving average of $48.01.

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.