Advocacy Wealth Management Services LLC Cuts Holdings in Alerian MLP (AMLP)

Advocacy Wealth Management Services LLC lessened its holdings in shares of Alerian MLP (NYSEARCA:AMLP) by 98.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,736 shares of the exchange traded fund’s stock after selling 1,351,936 shares during the quarter. Alerian MLP comprises approximately 0.2% of Advocacy Wealth Management Services LLC’s portfolio, making the stock its 16th biggest holding. Advocacy Wealth Management Services LLC’s holdings in Alerian MLP were worth $288,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Laurel Wealth Advisors Inc. boosted its position in Alerian MLP by 11.4% during the second quarter. Laurel Wealth Advisors Inc. now owns 18,156 shares of the exchange traded fund’s stock worth $217,000 after purchasing an additional 1,863 shares during the period. Kalos Management Inc. boosted its position in Alerian MLP by 4.3% during the second quarter. Kalos Management Inc. now owns 57,724 shares of the exchange traded fund’s stock worth $690,000 after purchasing an additional 2,400 shares during the period. Orleans Capital Management Corp LA boosted its position in Alerian MLP by 1.9% during the second quarter. Orleans Capital Management Corp LA now owns 161,950 shares of the exchange traded fund’s stock worth $1,937,000 after purchasing an additional 3,050 shares during the period. Stonebridge Capital Advisors LLC boosted its position in Alerian MLP by 14.9% during the second quarter. Stonebridge Capital Advisors LLC now owns 30,925 shares of the exchange traded fund’s stock worth $370,000 after purchasing an additional 4,000 shares during the period. Finally, Lazard Asset Management LLC boosted its position in Alerian MLP by 19.0% during the second quarter. Lazard Asset Management LLC now owns 30,000 shares of the exchange traded fund’s stock worth $358,000 after purchasing an additional 4,800 shares during the period.

Alerian MLP (NYSEARCA AMLP) traded up $0.13 during mid-day trading on Friday, hitting $11.76. 7,330,000 shares of the stock were exchanged. Alerian MLP has a one year low of $9.79 and a one year high of $13.31. The company has a market capitalization of $11,190.00 and a price-to-earnings ratio of 5.71.

WARNING: This piece of content was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.thestockobserver.com/2018/01/12/advocacy-wealth-management-services-llc-cuts-holdings-in-alerian-mlp-amlp.html.

Alerian MLP 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.

Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP (NYSEARCA:AMLP).

Institutional Ownership by Quarter for Alerian MLP (NYSEARCA:AMLP)

Receive News & Ratings for Alerian MLP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alerian MLP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply