Highland Capital Management LLC Raises Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Highland Capital Management LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,497 shares of the exchange traded fund’s stock after buying an additional 1,085 shares during the period. Highland Capital Management LLC’s holdings in Alerian MLP ETF were worth $744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in Alerian MLP ETF by 270,500.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,135,934 shares of the exchange traded fund’s stock valued at $614,295,000 after purchasing an additional 16,129,971 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Alerian MLP ETF by 54.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,607,500 shares of the exchange traded fund’s stock valued at $559,467,000 after buying an additional 5,174,427 shares during the last quarter. Cowa LLC grew its position in shares of Alerian MLP ETF by 10,043.4% during the first quarter. Cowa LLC now owns 5,232,801 shares of the exchange traded fund’s stock worth $2,004,000 after buying an additional 5,181,213 shares in the last quarter. UBS Group AG increased its stake in shares of Alerian MLP ETF by 4.7% in the third quarter. UBS Group AG now owns 2,884,519 shares of the exchange traded fund’s stock worth $121,727,000 after buying an additional 129,611 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Alerian MLP ETF by 3.6% in the second quarter. Royal Bank of Canada now owns 1,530,869 shares of the exchange traded fund’s stock worth $60,025,000 after buying an additional 53,003 shares during the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $47.08 on Thursday. The stock has a 50-day simple moving average of $45.31 and a 200 day simple moving average of $43.42. Alerian MLP ETF has a one year low of $37.06 and a one year high of $47.50. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 13.30 and a beta of 1.42.

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.