Graypoint LLC Purchases 21,946 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Graypoint LLC increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 121.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,966 shares of the exchange traded fund’s stock after buying an additional 21,946 shares during the period. Graypoint LLC’s holdings in Alerian MLP ETF were worth $1,925,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Cypress Wealth Services LLC raised its stake in Alerian MLP ETF by 3.7% in the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock worth $284,000 after buying an additional 217 shares in the last quarter. Retirement Planning Group LLC grew its holdings in Alerian MLP ETF by 2.9% in the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 218 shares during the period. Opal Wealth Advisors LLC grew its holdings in Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock worth $432,000 after purchasing an additional 242 shares during the period. Mach 1 Financial Group LLC grew its holdings in Alerian MLP ETF by 2.4% in the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 244 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its holdings in Alerian MLP ETF by 1.7% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 265 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $49.18 on Friday. The stock has a market cap of $8.85 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $42.25 and a fifty-two week high of $51.47. The firm’s 50-day simple moving average is $48.66 and its two-hundred day simple moving average is $47.77.

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.