Congress Asset Management Co. Has $4.25 Million Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Congress Asset Management Co. decreased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,118 shares of the exchange traded fund’s stock after selling 9,602 shares during the quarter. Congress Asset Management Co. owned 0.05% of Alerian MLP ETF worth $4,247,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMLP. LPL Financial LLC raised its position in Alerian MLP ETF by 8.9% in the 2nd quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock valued at $101,943,000 after buying an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Alerian MLP ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after purchasing an additional 272,696 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of Alerian MLP ETF by 58.2% in the first quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after purchasing an additional 703,620 shares in the last quarter. Allen Investment Management LLC boosted its holdings in Alerian MLP ETF by 16.8% during the second quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after purchasing an additional 188,980 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares during the last quarter.

Alerian MLP ETF Trading Down 0.0 %

Shares of AMLP stock opened at $46.49 on Friday. The firm’s fifty day moving average price is $47.06 and its two-hundred day moving average price is $47.00. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The firm has a market capitalization of $8.36 billion, a P/E ratio of 13.08 and a beta of 0.48.

About Alerian MLP ETF

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.