Sterling Investment Management LLC reduced its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,290 shares of the exchange traded fund’s stock after selling 362 shares during the quarter. Sterling Investment Management LLC’s holdings in Alerian MLP ETF were worth $952,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of Alerian MLP ETF by 10.8% during the 1st quarter. Bank of New York Mellon Corp now owns 17,837 shares of the exchange traded fund’s stock worth $683,000 after buying an additional 1,743 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Alerian MLP ETF by 22.3% during the first quarter. Blair William & Co. IL now owns 52,632 shares of the exchange traded fund’s stock worth $2,016,000 after purchasing an additional 9,614 shares during the period. Cetera Investment Advisers increased its stake in shares of Alerian MLP ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 29,050 shares of the exchange traded fund’s stock worth $1,113,000 after purchasing an additional 3,406 shares during the period. Baird Financial Group Inc. increased its stake in shares of Alerian MLP ETF by 5.1% during the first quarter. Baird Financial Group Inc. now owns 22,137 shares of the exchange traded fund’s stock worth $848,000 after purchasing an additional 1,070 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Alerian MLP ETF by 12.1% during the first quarter. NewEdge Advisors LLC now owns 65,562 shares of the exchange traded fund’s stock worth $2,512,000 after purchasing an additional 7,091 shares during the period.
Alerian MLP ETF Stock Performance
Shares of NYSEARCA AMLP traded up $0.20 during trading hours on Tuesday, reaching $42.10. 258,318 shares of the stock were exchanged, compared to its average volume of 1,278,751. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 13.30 and a beta of 1.42. Alerian MLP ETF has a 52 week low of $34.69 and a 52 week high of $42.47. The stock’s fifty day simple moving average is $40.99 and its 200 day simple 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.
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