B. Riley Wealth Advisors Inc. trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 28.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,696 shares of the exchange traded fund’s stock after selling 7,765 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Alerian MLP ETF were worth $929,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Focus Financial Network Inc. raised its holdings in Alerian MLP ETF by 10.4% during the second quarter. Focus Financial Network Inc. now owns 12,433 shares of the exchange traded fund’s stock worth $607,000 after acquiring an additional 1,167 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Alerian MLP ETF by 23.3% in the second quarter. Atria Wealth Solutions Inc. now owns 55,339 shares of the exchange traded fund’s stock valued at $2,655,000 after buying an additional 10,461 shares in the last quarter. Griffin Asset Management Inc. lifted its stake in Alerian MLP ETF by 55.8% in the second quarter. Griffin Asset Management Inc. now owns 47,820 shares of the exchange traded fund’s stock valued at $2,294,000 after acquiring an additional 17,122 shares during the last quarter. &PARTNERS bought a new position in shares of Alerian MLP ETF in the 2nd quarter valued at about $272,000. Finally, White Pine Investment CO grew its position in shares of Alerian MLP ETF by 3.2% in the 2nd quarter. White Pine Investment CO now owns 88,805 shares of the exchange traded fund’s stock valued at $4,261,000 after acquiring an additional 2,713 shares during the period.
Alerian MLP ETF Stock Performance
Shares of AMLP stock opened at $48.04 on Wednesday. Alerian MLP ETF has a 52-week low of $42.06 and a 52-week high of $51.47. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s 50-day moving average is $48.24 and its 200-day moving average is $47.53.
About Alerian MLP ETF
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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