Granby Capital Management LLC Invests $9.40 Million in Alerian MLP ETF $AMLP

Granby Capital Management LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 200,000 shares of the exchange traded fund’s stock, valued at approximately $9,404,000. Alerian MLP ETF comprises approximately 5.0% of Granby Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Granby Capital Management LLC owned approximately 0.09% of Alerian MLP ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of Alerian MLP ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after acquiring an additional 54,835 shares during the last quarter. Allen Investment Management LLC boosted its stake in shares of Alerian MLP ETF by 7.1% during the 4th quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock worth $176,376,000 after acquiring an additional 249,766 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Alerian MLP ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after acquiring an additional 152,451 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Alerian MLP ETF by 19.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after acquiring an additional 262,817 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Alerian MLP ETF by 17.7% during the 4th quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock worth $66,275,000 after acquiring an additional 211,540 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $50.98 on Wednesday. The company’s fifty day simple moving average is $52.74 and its 200-day simple moving average is $50.92. The stock has a market capitalization of $11.89 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.22.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).