Alerian MLP ETF $AMLP Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,221 shares of the exchange traded fund’s stock after selling 1,635 shares during the period. HB Wealth Management LLC’s holdings in Alerian MLP ETF were worth $304,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF in the first quarter worth approximately $34,000. Sequoia Financial Advisors LLC boosted its position in shares of Alerian MLP ETF by 3.5% in the first quarter. Sequoia Financial Advisors LLC now owns 8,118 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 275 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Alerian MLP ETF by 8.2% in the second quarter. Parallel Advisors LLC now owns 7,558 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 572 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Alerian MLP ETF by 153.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,437 shares of the exchange traded fund’s stock worth $646,000 after acquiring an additional 7,531 shares during the last quarter. Finally, Tradewinds LLC. boosted its position in shares of Alerian MLP ETF by 8.6% in the first quarter. Tradewinds LLC. now owns 68,057 shares of the exchange traded fund’s stock worth $3,535,000 after acquiring an additional 5,391 shares during the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $46.25 on Tuesday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The company’s 50 day simple moving average is $48.05 and its 200 day simple moving average is $48.50. The stock has a market capitalization of $10.14 billion, a PE ratio of 14.17 and a beta of 1.42.

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.