Alerian MLP ETF $AMLP Holdings Reduced by Congress Asset Management Co.

Congress Asset Management Co. decreased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,653 shares of the exchange traded fund’s stock after selling 6,995 shares during the period. Congress Asset Management Co.’s holdings in Alerian MLP ETF were worth $3,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in Alerian MLP ETF in the 2nd quarter worth about $28,000. Headlands Technologies LLC bought a new position in Alerian MLP ETF in the 1st quarter worth about $31,000. Golden State Wealth Management LLC bought a new position in Alerian MLP ETF in the 1st quarter worth about $34,000. Copia Wealth Management bought a new position in Alerian MLP ETF in the 1st quarter worth about $38,000. Finally, Garde Capital Inc. bought a new position in Alerian MLP ETF in the 2nd quarter worth about $49,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $47.56 on Friday. The firm has a 50 day simple moving average of $48.31 and a 200-day simple moving average of $48.73. The stock has a market capitalization of $10.22 billion, a PE ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month 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.