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

HFG Wealth Management LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 55.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,478 shares of the exchange traded fund’s stock after selling 19,571 shares during the period. Alerian MLP ETF makes up about 0.8% of HFG Wealth Management LLC’s holdings, making the stock its 13th largest holding. HFG Wealth Management LLC’s holdings in Alerian MLP ETF were worth $803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mayfair Advisory Group LLC lifted its holdings in Alerian MLP ETF by 3.4% in the first quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock valued at $320,000 after acquiring an additional 200 shares during the last quarter. Noesis Capital Mangement Corp raised its position in Alerian MLP ETF by 3.0% in the first quarter. Noesis Capital Mangement Corp now owns 6,900 shares of the exchange traded fund’s stock valued at $363,000 after purchasing an additional 200 shares during the period. Bogart Wealth LLC lifted its stake in shares of Alerian MLP ETF by 4.4% in the 4th quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock valued at $269,000 after purchasing an additional 242 shares during the last quarter. J. L. Bainbridge & Co. Inc. lifted its stake in shares of Alerian MLP ETF by 5.0% in the 1st quarter. J. L. Bainbridge & Co. Inc. now owns 5,680 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 271 shares during the last quarter. Finally, Keudell Morrison Wealth Management grew its holdings in shares of Alerian MLP ETF by 5.2% during the 1st quarter. Keudell Morrison Wealth Management now owns 5,577 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 275 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $54.75 on Monday. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.66. The business has a 50-day moving average price of $53.43 and a 200 day moving average price of $52.79.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).