Cowa LLC Grows Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Cowa LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 3.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 145,872 shares of the exchange traded fund’s stock after purchasing an additional 4,465 shares during the quarter. Alerian MLP ETF comprises about 3.3% of Cowa LLC’s portfolio, making the stock its 6th biggest holding. Cowa LLC’s holdings in Alerian MLP ETF were worth $6,875,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMLP. Russell Investments Group Ltd. acquired a new stake in Alerian MLP ETF in the first quarter worth approximately $27,000. Asset Dedication LLC raised its position in Alerian MLP ETF by 1,244.0% in the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Alerian MLP ETF in the 3rd quarter valued at about $40,000. ORG Wealth Partners LLC bought a new position in shares of Alerian MLP ETF during the 3rd quarter valued at about $41,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Alerian MLP ETF in the 2nd quarter worth approximately $52,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $48.19 on Friday. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44. The company has a market capitalization of $8.67 billion, a P/E ratio of 13.08 and a beta of 0.48. The company’s 50 day simple moving average is $47.15 and its 200 day simple moving average is $47.05.

Alerian MLP ETF 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.