Tcfg Wealth Management LLC Sells 6,565 Shares of Alerian MLP ETF $AMLP

Tcfg Wealth Management LLC lowered its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 21.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,263 shares of the exchange traded fund’s stock after selling 6,565 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SteelPeak Wealth LLC lifted its position in shares of Alerian MLP ETF by 2.4% during the second quarter. SteelPeak Wealth LLC now owns 81,301 shares of the exchange traded fund’s stock worth $3,972,000 after purchasing an additional 1,923 shares during the last quarter. Regency Capital Management Inc. DE grew its holdings in shares of Alerian MLP ETF by 1.5% in the second quarter. Regency Capital Management Inc. DE now owns 100,112 shares of the exchange traded fund’s stock worth $4,891,000 after purchasing an additional 1,442 shares during the last quarter. Belpointe Asset Management LLC increased its stake in Alerian MLP ETF by 2.5% in the 2nd quarter. Belpointe Asset Management LLC now owns 70,313 shares of the exchange traded fund’s stock worth $3,436,000 after buying an additional 1,723 shares during the period. DAVENPORT & Co LLC lifted its holdings in Alerian MLP ETF by 11.0% during the 2nd quarter. DAVENPORT & Co LLC now owns 118,344 shares of the exchange traded fund’s stock valued at $5,782,000 after buying an additional 11,716 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in Alerian MLP ETF by 14.7% during the 2nd quarter. Highland Capital Management LLC now owns 21,631 shares of the exchange traded fund’s stock valued at $1,057,000 after buying an additional 2,765 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $46.25 on Tuesday. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. The firm has a 50-day moving average of $48.05 and a two-hundred day moving average of $48.50. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year 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.