Saxon Interests Inc. Reduces Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Saxon Interests Inc. lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,842 shares of the exchange traded fund’s stock after selling 10,045 shares during the quarter. Saxon Interests Inc.’s holdings in Alerian MLP ETF were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AMLP. Cypress Wealth Services LLC lifted its position in Alerian MLP ETF by 3.7% during the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock valued at $284,000 after buying an additional 217 shares during the period. Retirement Planning Group LLC increased its stake in shares of Alerian MLP ETF by 2.9% in the 3rd quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 218 shares in the last quarter. Opal Wealth Advisors LLC lifted its position in Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after acquiring an additional 242 shares during the period. Mach 1 Financial Group LLC boosted its stake in Alerian MLP ETF by 2.4% during the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 244 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its holdings in Alerian MLP ETF by 1.7% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 265 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $51.57 on Friday. The company has a 50 day simple moving average of $48.94 and a two-hundred day simple moving average of $47.86. Alerian MLP ETF has a fifty-two week low of $42.25 and a fifty-two week high of $51.52. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.