Benjamin Edwards Inc. Cuts Position in Alerian MLP ETF (NYSEARCA:AMLP)

Benjamin Edwards Inc. reduced its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,199 shares of the exchange traded fund’s stock after selling 334 shares during the period. Benjamin Edwards Inc.’s holdings in Alerian MLP ETF were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of AMLP. UBS Group AG boosted its holdings in Alerian MLP ETF by 4.7% in the third quarter. UBS Group AG now owns 2,884,519 shares of the exchange traded fund’s stock valued at $121,727,000 after purchasing an additional 129,611 shares during the period. Envestnet Asset Management Inc. lifted its stake in Alerian MLP ETF by 8.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,328,213 shares of the exchange traded fund’s stock worth $56,051,000 after acquiring an additional 104,779 shares during the last quarter. Raymond James & Associates grew its holdings in Alerian MLP ETF by 5.1% during the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after acquiring an additional 63,053 shares in the last quarter. Allen Investment Management LLC increased its position in shares of Alerian MLP ETF by 2.5% in the 3rd quarter. Allen Investment Management LLC now owns 1,096,931 shares of the exchange traded fund’s stock valued at $46,290,000 after purchasing an additional 27,013 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Alerian MLP ETF by 58.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock valued at $43,522,000 after purchasing an additional 380,025 shares in the last quarter.

Alerian MLP ETF Trading Up 0.9 %

Shares of AMLP stock traded up $0.41 on Friday, reaching $47.30. 1,245,957 shares of the stock were exchanged, compared to its average volume of 1,271,892. The business’s 50 day moving average price is $46.86 and its 200 day moving average price is $44.41. Alerian MLP ETF has a twelve month low of $37.06 and a twelve month high of $48.48. The company has a market capitalization of $8.51 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.