Peapack Gladstone Financial Corp Grows Stake in Alerian MLP (AMLP)
Peapack Gladstone Financial Corp lifted its stake in shares of Alerian MLP (NYSE:AMLP) by 192.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,616 shares of the exchange traded fund’s stock after acquiring an additional 140,575 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Alerian MLP were worth $2,555,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TIAA FSB bought a new stake in shares of Alerian MLP during the 2nd quarter worth $81,901,000. Ameriprise Financial Inc. boosted its stake in shares of Alerian MLP by 13.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,672,433 shares of the exchange traded fund’s stock worth $55,605,000 after acquiring an additional 541,285 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of Alerian MLP by 149.6% during the 2nd quarter. ST Germain D J Co. Inc. now owns 2,789,343 shares of the exchange traded fund’s stock worth $33,361,000 after acquiring an additional 1,672,023 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Alerian MLP by 7.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,721,221 shares of the exchange traded fund’s stock worth $20,586,000 after acquiring an additional 113,175 shares in the last quarter. Finally, InterOcean Capital LLC boosted its stake in shares of Alerian MLP by 12.6% during the 2nd quarter. InterOcean Capital LLC now owns 1,300,455 shares of the exchange traded fund’s stock worth $15,553,000 after acquiring an additional 145,711 shares in the last quarter.
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Alerian MLP (NYSE AMLP) traded up 0.26% during mid-day trading on Thursday, hitting $11.36. The stock had a trading volume of 2,160,193 shares. The company has a 50-day moving average price of $11.10 and a 200 day moving average price of $11.86. Alerian MLP has a 1-year low of $10.51 and a 1-year high of $13.31. Alerian MLP also saw some unusual options trading activity on Monday. Investors purchased 5,000 put options on the stock. This is an increase of approximately 300% compared to the typical volume of 1,251 put options.
Alerian MLP 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.
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