Greystone Financial Group LLC Raises Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Greystone Financial Group LLC increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,039 shares of the exchange traded fund’s stock after purchasing an additional 482 shares during the quarter. Greystone Financial Group LLC’s holdings in Alerian MLP ETF were worth $379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aurora Private Wealth Inc. boosted its stake in shares of Alerian MLP ETF by 0.7% during the 2nd quarter. Aurora Private Wealth Inc. now owns 29,265 shares of the exchange traded fund’s stock worth $1,404,000 after acquiring an additional 208 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in shares of Alerian MLP ETF by 3.7% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock worth $284,000 after acquiring an additional 217 shares during the last quarter. Retirement Planning Group LLC raised its position in shares of Alerian MLP ETF by 2.9% during the 3rd quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock valued at $369,000 after purchasing an additional 218 shares during the period. Opal Wealth Advisors LLC raised its position in shares of Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after purchasing an additional 242 shares during the period. Finally, RDA Financial Network raised its position in shares of Alerian MLP ETF by 4.6% during the 2nd quarter. RDA Financial Network now owns 5,677 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 250 shares during the period.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $46.94 on Thursday. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.44. The company’s fifty day moving average price is $47.04 and its 200-day moving average price is $47.01.

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.