Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Activest Wealth Management

Activest Wealth Management lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,451 shares of the exchange traded fund’s stock after selling 521 shares during the period. Alerian MLP ETF accounts for approximately 0.6% of Activest Wealth Management’s investment portfolio, making the stock its 22nd biggest holding. Activest Wealth Management’s holdings in Alerian MLP ETF were worth $2,001,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMLP. Russell Investments Group Ltd. acquired a new stake in Alerian MLP ETF during the 1st quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $28,000. Asset Dedication LLC boosted its position in shares of Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares during the period. Massmutual Trust Co. FSB ADV purchased a new position in Alerian MLP ETF during the 3rd quarter worth approximately $40,000. Finally, ORG Wealth Partners LLC purchased a new stake in Alerian MLP ETF in the third quarter valued at approximately $41,000.

Alerian MLP ETF Trading Up 0.4 %

AMLP stock traded up $0.20 on Thursday, hitting $48.69. The company’s stock had a trading volume of 54,464 shares, compared to its average volume of 1,322,995. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm has a 50 day moving average of $47.36 and a two-hundred day moving average of $47.09.

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.