Alerian MLP ETF $AMLP Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1,508.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 406,459 shares of the exchange traded fund’s stock after acquiring an additional 381,190 shares during the quarter. Thrivent Financial for Lutherans owned about 0.18% of Alerian MLP ETF worth $19,116,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. REAP Financial Group LLC raised its stake in shares of Alerian MLP ETF by 2,000.0% in the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Alerian MLP ETF by 800.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in shares of Alerian MLP ETF in the second quarter worth about $65,000. Finally, First Horizon Corp raised its stake in shares of Alerian MLP ETF by 396.7% in the fourth 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 last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $54.05 on Monday. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $54.33. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. The business has a 50-day moving average price of $52.64 and a 200-day moving average price of $49.98.

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).