Herbst Group LLC Reduces Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Herbst Group LLC lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,157 shares of the exchange traded fund’s stock after selling 3,195 shares during the period. Alerian MLP ETF accounts for approximately 3.0% of Herbst Group LLC’s holdings, making the stock its 7th biggest position. Herbst Group LLC’s holdings in Alerian MLP ETF were worth $4,358,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMLP. Moneta Group Investment Advisors LLC boosted its stake in Alerian MLP ETF by 270,500.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,135,934 shares of the exchange traded fund’s stock worth $614,295,000 after purchasing an additional 16,129,971 shares in the last quarter. Cowa LLC lifted its position in Alerian MLP ETF by 10,043.4% in the 1st quarter. Cowa LLC now owns 5,232,801 shares of the exchange traded fund’s stock valued at $2,004,000 after acquiring an additional 5,181,213 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Alerian MLP ETF by 54.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,607,500 shares of the exchange traded fund’s stock valued at $559,467,000 after acquiring an additional 5,174,427 shares in the last quarter. Mirabella Financial Services LLP bought a new position in Alerian MLP ETF in the 1st quarter valued at approximately $14,860,000. Finally, Rockefeller Capital Management L.P. lifted its position in Alerian MLP ETF by 136.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 581,578 shares of the exchange traded fund’s stock valued at $22,139,000 after acquiring an additional 335,665 shares in the last quarter.

Alerian MLP ETF Trading Up 0.3 %

AMLP stock traded up $0.14 during midday trading on Tuesday, hitting $42.04. The company’s stock had a trading volume of 226,253 shares, compared to its average volume of 1,278,532. The company has a market cap of $6.88 billion, a PE ratio of 13.30 and a beta of 1.42. Alerian MLP ETF has a 12 month low of $34.69 and a 12 month high of $42.47. The firm’s 50-day moving average is $40.99 and its 200-day moving average is $39.48.

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.