DAVENPORT & Co LLC Buys 27,183 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

DAVENPORT & Co LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 44.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,035 shares of the exchange traded fund’s stock after acquiring an additional 27,183 shares during the period. DAVENPORT & Co LLC’s holdings in Alerian MLP ETF were worth $4,240,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AMLP. Park Avenue Securities LLC raised its stake in Alerian MLP ETF by 38.8% in the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after buying an additional 9,088 shares during the period. Farther Finance Advisors LLC raised its stake in Alerian MLP ETF by 532.8% in the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after buying an additional 16,560 shares during the period. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF in the third quarter valued at approximately $65,000. Armstrong Advisory Group Inc. raised its stake in Alerian MLP ETF by 17.2% in the third quarter. Armstrong Advisory Group Inc. now owns 7,752 shares of the exchange traded fund’s stock valued at $365,000 after buying an additional 1,138 shares during the period. Finally, Violich Capital Management Inc. raised its stake in Alerian MLP ETF by 1.7% in the third quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock valued at $10,618,000 after buying an additional 3,870 shares during the period.

Alerian MLP ETF Stock Up 1.4 %

NYSEARCA:AMLP opened at $52.31 on Tuesday. The stock’s 50 day moving average price is $49.80 and its two-hundred day moving average price is $48.14. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12-month low of $43.02 and a 12-month high of $52.82.

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.