Stifel Financial Corp Raises Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Stifel Financial Corp grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,091,861 shares of the exchange traded fund’s stock after purchasing an additional 20,075 shares during the period. Stifel Financial Corp’s holdings in Alerian MLP ETF were worth $52,584,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AMLP. Park Avenue Securities LLC grew its position in Alerian MLP ETF by 38.8% in the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after acquiring an additional 9,088 shares during the period. Edgemoor Investment Advisors Inc. acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $214,000. Fisher Asset Management LLC purchased a new position in shares of Alerian MLP ETF during the 4th quarter worth $211,000. JPMorgan Chase & Co. increased its position in shares of Alerian MLP ETF by 22.6% during the 4th quarter. JPMorgan Chase & Co. now owns 65,240 shares of the exchange traded fund’s stock worth $3,142,000 after purchasing an additional 12,026 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF in the 4th quarter valued at about $27,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $48.62 on Wednesday. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24. The stock has a market capitalization of $10.11 billion, a P/E ratio of 13.17 and a beta of 0.99. The firm’s 50-day moving average is $50.22 and its two-hundred day moving average is $49.51.

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.