Crescent Grove Advisors LLC Makes New $12.87 Million Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Crescent Grove Advisors LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 267,199 shares of the exchange traded fund’s stock, valued at approximately $12,868,000. Alerian MLP ETF comprises about 1.3% of Crescent Grove Advisors LLC’s holdings, making the stock its 22nd biggest holding. Crescent Grove Advisors LLC owned approximately 0.15% of Alerian MLP ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the last quarter. Raymond James & Associates raised its stake in Alerian MLP ETF by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after acquiring an additional 24,674 shares during the period. Stephens Inc. AR lifted its holdings in Alerian MLP ETF by 2.8% during the 3rd quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock valued at $46,387,000 after purchasing an additional 26,882 shares during the last quarter. Naviter Wealth LLC boosted its position in Alerian MLP ETF by 14.2% during the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock worth $41,337,000 after purchasing an additional 108,804 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $52.10 on Friday. The company’s 50-day moving average is $49.45 and its 200-day moving average is $48.01. The firm has a market capitalization of $9.37 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $43.02 and a fifty-two week high of $52.82.

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.