Madison Park Capital Advisors LLC trimmed its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 67.7% in the second quarter, Holdings Channel.com reports. The firm owned 25,034 shares of the exchange traded fund’s stock after selling 52,356 shares during the quarter. Madison Park Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $1,298,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in AMLP. Brighton Jones LLC boosted its stake in shares of Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after buying an additional 7,280 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Alerian MLP ETF by 16.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock valued at $6,898,000 after acquiring an additional 19,916 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Alerian MLP ETF in the second quarter worth $623,000. Diversify Advisory Services LLC purchased a new stake in shares of Alerian MLP ETF during the second quarter worth $224,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Alerian MLP ETF by 63.3% during the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after acquiring an additional 19,678 shares in the last quarter.
Alerian MLP ETF Trading Down 1.2%
AMLP opened at $54.36 on Thursday. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.62. The stock has a fifty day moving average price of $52.86 and a 200 day moving average price of $52.34.
Alerian MLP ETF 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).
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