Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,935 shares of the exchange traded fund’s stock after buying an additional 5,065 shares during the quarter. Citigroup Inc. owned approximately 0.06% of Alerian MLP ETF worth $5,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMLP. LPL Financial LLC lifted its position in Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Alerian MLP ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after purchasing an additional 272,696 shares during the period. Allen Investment Management LLC raised its position in Alerian MLP ETF by 16.8% in the second quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock valued at $63,115,000 after purchasing an additional 188,980 shares during the period. Raymond James & Associates lifted its stake in Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in shares of Alerian MLP ETF by 2.8% during the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after buying an additional 26,882 shares during the period.

Alerian MLP ETF Stock Down 1.3 %

Shares of AMLP stock opened at $50.65 on Tuesday. The firm has a 50 day moving average of $47.73 and a two-hundred day moving average of $47.24. The stock has a market capitalization of $9.11 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52 week low of $41.06 and a 52 week high of $51.47.

Alerian MLP ETF 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.