Alerian MLP ETF $AMLP Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 68.7% in the second quarter, Holdings Channel reports. The institutional investor owned 802 shares of the exchange traded fund’s stock after selling 1,763 shares during the period. Montag A & Associates Inc.’s holdings in Alerian MLP ETF were worth $39,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its stake in Alerian MLP ETF by 7.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 38,622 shares of the exchange traded fund’s stock valued at $1,887,000 after purchasing an additional 2,775 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 7,558 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 572 shares in the last quarter. Americana Partners LLC grew its position in shares of Alerian MLP ETF by 68.8% in the 2nd quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock valued at $1,063,000 after buying an additional 8,871 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Alerian MLP ETF by 44.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 10,353 shares of the exchange traded fund’s stock worth $506,000 after acquiring an additional 3,195 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Alerian MLP ETF by 30.1% during the 2nd quarter. Allworth Financial LP now owns 289,212 shares of the exchange traded fund’s stock worth $14,131,000 after acquiring an additional 66,989 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $46.25 on Friday. The company has a fifty day moving average of $46.78 and a two-hundred day moving average of $48.00. The company has a market capitalization of $10.15 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24.

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.