Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC cut its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 243,800 shares of the exchange traded fund’s stock after selling 697 shares during the period. Alerian MLP ETF makes up 0.8% of Tectonic Advisors LLC’s portfolio, making the stock its 19th largest holding. Tectonic Advisors LLC’s holdings in Alerian MLP ETF were worth $11,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in shares of Alerian MLP ETF by 38.8% in the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after acquiring an additional 9,088 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Alerian MLP ETF by 532.8% in the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after buying an additional 16,560 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF in the third quarter worth $65,000. Armstrong Advisory Group Inc. lifted its holdings in Alerian MLP ETF by 17.2% in the third quarter. Armstrong Advisory Group Inc. now owns 7,752 shares of the exchange traded fund’s stock valued at $365,000 after acquiring an additional 1,138 shares during the period. Finally, Violich Capital Management Inc. boosted its position in shares of Alerian MLP ETF by 1.7% during the 3rd quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock worth $10,618,000 after purchasing an additional 3,870 shares in the last quarter.

Alerian MLP ETF Stock Up 0.8 %

Shares of AMLP opened at $52.71 on Wednesday. The company has a market capitalization of $9.48 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $52.85. The company has a 50-day simple moving average of $49.86 and a 200-day simple moving average of $48.17.

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.