Envestnet Portfolio Solutions Inc. Sells 3,545 Shares of Alerian MLP ETF $AMLP

Envestnet Portfolio Solutions Inc. lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 28.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,892 shares of the exchange traded fund’s stock after selling 3,545 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Alerian MLP ETF were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMLP. Brighton Jones LLC lifted its position in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after purchasing an additional 7,280 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Alerian MLP ETF by 7.3% during the first quarter. Oppenheimer & Co. Inc. now owns 89,570 shares of the exchange traded fund’s stock worth $4,652,000 after acquiring an additional 6,114 shares in the last quarter. International Assets Investment Management LLC raised its position in Alerian MLP ETF by 8.5% during the first quarter. International Assets Investment Management LLC now owns 32,896 shares of the exchange traded fund’s stock worth $1,709,000 after acquiring an additional 2,567 shares in the last quarter. Daymark Wealth Partners LLC bought a new stake in Alerian MLP ETF during the first quarter worth $1,633,000. Finally, Aurora Private Wealth Inc. raised its position in Alerian MLP ETF by 1,737.3% during the first quarter. Aurora Private Wealth Inc. now owns 520,327 shares of the exchange traded fund’s stock worth $27,026,000 after acquiring an additional 492,007 shares in the last quarter.

Alerian MLP ETF Trading Up 0.8%

NYSEARCA AMLP opened at $46.61 on Thursday. The firm’s fifty day moving average price is $47.22 and its two-hundred day moving average price is $48.08. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The firm has a market capitalization of $10.23 billion, a P/E 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.