Provident Wealth Management LLC Sells 6,400 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Provident Wealth Management LLC decreased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 34.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,034 shares of the exchange traded fund’s stock after selling 6,400 shares during the quarter. Provident Wealth Management LLC’s holdings in Alerian MLP ETF were worth $567,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Retirement Planning Group LLC grew its position in Alerian MLP ETF by 24.3% in the second quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock valued at $365,000 after acquiring an additional 1,489 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Alerian MLP ETF by 48.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 60,999 shares of the exchange traded fund’s stock worth $2,895,000 after purchasing an additional 20,023 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Alerian MLP ETF by 36.7% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 10,104 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,714 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Alerian MLP ETF by 22.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock valued at $706,000 after buying an additional 2,673 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Alerian MLP ETF by 8.0% during the first quarter. Oppenheimer & Co. Inc. now owns 87,811 shares of the exchange traded fund’s stock worth $4,168,000 after buying an additional 6,486 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.42 on Thursday. Alerian MLP ETF has a 52-week low of $41.06 and a 52-week high of $49.44. The company has a market capitalization of $8.53 billion, a PE ratio of 13.08 and a beta of 0.48. The company has a fifty day moving average of $46.89 and a 200-day moving average of $47.04.

Alerian MLP ETF Company 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.