DAVENPORT & Co LLC Boosts Stock Holdings in Alerian MLP ETF $AMLP

DAVENPORT & Co LLC raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 11.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 118,344 shares of the exchange traded fund’s stock after purchasing an additional 11,716 shares during the period. DAVENPORT & Co LLC’s holdings in Alerian MLP ETF were worth $5,782,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in Alerian MLP ETF during the 2nd quarter valued at about $28,000. Headlands Technologies LLC bought a new stake in shares of Alerian MLP ETF in the 1st quarter valued at about $31,000. Golden State Wealth Management LLC bought a new stake in shares of Alerian MLP ETF in the 1st quarter valued at about $34,000. Copia Wealth Management bought a new stake in shares of Alerian MLP ETF in the 1st quarter valued at about $38,000. Finally, Crews Bank & Trust bought a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at about $39,000.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $46.47 on Wednesday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The stock has a market capitalization of $10.19 billion, a P/E ratio of 14.17 and a beta of 1.42. The company’s 50-day simple moving average is $47.99 and its 200-day simple moving average is $48.49.

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.