Synovus Financial Corp Buys 1,986 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Synovus Financial Corp boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,615 shares of the exchange traded fund’s stock after purchasing an additional 1,986 shares during the quarter. Synovus Financial Corp’s holdings in Alerian MLP ETF were worth $1,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMLP. Hilton Capital Management LLC acquired a new stake in Alerian MLP ETF in the third quarter worth $31,562,000. EP Wealth Advisors LLC raised its stake in Alerian MLP ETF by 10,423.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after buying an additional 506,582 shares during the period. Blair William & Co. IL lifted its holdings in Alerian MLP ETF by 260.0% during the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock worth $23,265,000 after acquiring an additional 350,196 shares in the last quarter. School Employees Retirement Board of Ohio acquired a new position in Alerian MLP ETF in the third quarter valued at about $14,643,000. Finally, LPL Financial LLC increased its holdings 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 worth $113,110,000 after acquiring an additional 275,254 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $49.09 on Monday. The business’s 50-day simple moving average is $48.20 and its 200-day simple moving average is $47.49. Alerian MLP ETF has a fifty-two week low of $41.80 and a fifty-two week high of $51.47. The stock has a market capitalization of $8.83 billion, a PE ratio of 13.08 and a beta of 0.48.

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.