TIAA Trust National Association lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 911,727 shares of the exchange traded fund’s stock after buying an additional 47,290 shares during the period. TIAA Trust National Association’s holdings in Alerian MLP ETF were worth $43,811,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF in the fourth quarter valued at about $27,000. 1620 Investment Advisors Inc. purchased a new position in shares of Alerian MLP ETF in the 4th quarter valued at approximately $38,000. City State Bank acquired a new stake in Alerian MLP ETF in the 4th quarter worth approximately $40,000. Flagship Wealth Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter worth approximately $63,000. Finally, Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $65,000.
Alerian MLP ETF Trading Up 0.7 %
NYSEARCA AMLP opened at $51.97 on Tuesday. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The company has a fifty day simple moving average of $51.61 and a two-hundred day simple moving average of $49.27. The stock has a market cap of $10.71 billion, a P/E ratio of 13.99 and a beta of 1.35.
Alerian MLP ETF Increases Dividend
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.
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