Granby Capital Management LLC Acquires Shares of 200,000 Alerian MLP ETF $AMLP

Granby Capital Management LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 200,000 shares of the exchange traded fund’s stock, valued at approximately $9,404,000. Alerian MLP ETF makes up 5.0% of Granby Capital Management LLC’s holdings, making the stock its 7th largest position.

Other large investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Alerian MLP ETF in the 4th quarter valued at about $43,000. Whittier Trust Co. of Nevada Inc. boosted its position in Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,000 shares during the period. Palladiem LLC purchased a new stake in Alerian MLP ETF in the 4th quarter valued at about $60,000. BROOKFIELD Corp ON purchased a new stake in Alerian MLP ETF in the 2nd quarter valued at about $65,000. Finally, First Horizon Corp lifted its position in shares of Alerian MLP ETF by 396.7% in the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock worth $70,000 after purchasing an additional 1,190 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $50.98 on Wednesday. The company has a 50 day moving average price of $52.74 and a 200-day moving average price of $50.92. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.22. The stock has a market capitalization of $11.89 billion, a PE ratio of 14.17 and a beta of 0.50.

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. 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).