Douglass Winthrop Advisors LLC Boosts Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Douglass Winthrop Advisors LLC raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,055 shares of the exchange traded fund’s stock after buying an additional 1,000 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Alerian MLP ETF were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMLP. Russell Investments Group Ltd. bought a new stake in Alerian MLP ETF during the 1st quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in Alerian MLP ETF during the 3rd quarter valued at approximately $28,000. Asset Dedication LLC raised its position in shares of Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 622 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in shares of Alerian MLP ETF in the third quarter worth $40,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Alerian MLP ETF in the third quarter worth $41,000.

Alerian MLP ETF Stock Performance

AMLP opened at $49.16 on Tuesday. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company has a fifty day moving average of $47.48 and a 200 day moving average of $47.13. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.90.

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.