Financial Advocates Investment Management trimmed its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 26.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,884 shares of the exchange traded fund’s stock after selling 20,597 shares during the quarter. Financial Advocates Investment Management’s holdings in Alerian MLP ETF were worth $2,634,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Alerian MLP ETF during the first quarter worth approximately $27,000. Asset Dedication LLC raised its position in shares of Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares during the period. Massmutual Trust Co. FSB ADV acquired a new position in shares of Alerian MLP ETF during the third quarter worth approximately $40,000. ORG Wealth Partners LLC bought a new stake in Alerian MLP ETF during the third quarter worth $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the second quarter worth $49,000.
Alerian MLP ETF Trading Down 0.4 %
Shares of Alerian MLP ETF stock opened at $46.53 on Friday. The stock has a fifty day simple moving average of $47.06 and a 200 day simple moving average of $47.00. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.44. The company has a market capitalization of $8.37 billion, a P/E ratio of 13.08 and a beta of 0.48.
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.
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