Alerian MLP ETF (NYSEARCA:AMLP) Stock Holdings Lessened by Herbst Group LLC

Herbst Group LLC lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.9% during the fourth quarter, HoldingsChannel reports. The fund owned 100,884 shares of the exchange traded fund’s stock after selling 3,029 shares during the period. Alerian MLP ETF comprises approximately 3.0% of Herbst Group LLC’s investment portfolio, making the stock its 7th biggest holding. Herbst Group LLC’s holdings in Alerian MLP ETF were worth $4,859,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMLP. Cypress Wealth Services LLC boosted its position in shares of Alerian MLP ETF by 3.7% in the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock worth $284,000 after buying an additional 217 shares during the period. Retirement Planning Group LLC boosted its stake in Alerian MLP ETF by 2.9% in the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 218 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of Alerian MLP ETF by 2.7% in the 3rd quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock worth $432,000 after acquiring an additional 242 shares during the period. Mach 1 Financial Group LLC raised its stake in Alerian MLP ETF by 2.4% during the 3rd quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 244 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in Alerian MLP ETF by 1.7% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 265 shares during the period.

Alerian MLP ETF Stock Up 0.4 %

Shares of NYSEARCA:AMLP opened at $51.71 on Friday. The company has a market cap of $9.30 billion, a P/E ratio of 13.08 and a beta of 0.48. The company’s fifty day moving average is $49.01 and its two-hundred day moving average is $47.88. Alerian MLP ETF has a 12-month low of $42.25 and a 12-month high of $51.75.

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.