Griffin Asset Management Inc. Buys 21,581 Shares of Alerian MLP ETF $AMLP

Griffin Asset Management Inc. increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 23.9% in the second quarter, Holdings Channel reports. The institutional investor owned 111,703 shares of the exchange traded fund’s stock after acquiring an additional 21,581 shares during the period. Griffin Asset Management Inc.’s holdings in Alerian MLP ETF were worth $5,458,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMLP. Nova Wealth Management Inc. bought a new stake in Alerian MLP ETF in the second quarter worth $28,000. Headlands Technologies LLC purchased a new position in shares of Alerian MLP ETF during the first quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new position in shares of Alerian MLP ETF during the first quarter valued at approximately $34,000. Copia Wealth Management purchased a new position in shares of Alerian MLP ETF during the first quarter valued at approximately $38,000. Finally, Crews Bank & Trust purchased a new position in shares of Alerian MLP ETF during the second quarter valued at approximately $39,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $44.68 on Monday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The business has a 50 day simple moving average of $47.73 and a two-hundred day simple moving average of $48.33. The firm has a market capitalization of $9.78 billion, a PE ratio of 14.17 and a beta of 1.42.

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.