Teamwork Financial Advisors LLC Has $440,000 Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Teamwork Financial Advisors LLC decreased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 4.7% in the 4th quarter, HoldingsChannel reports. The fund owned 9,147 shares of the exchange traded fund’s stock after selling 452 shares during the period. Teamwork Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares in the last quarter. Raymond James & Associates boosted its stake in Alerian MLP ETF by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after buying an additional 24,674 shares in the last quarter. Stephens Inc. AR grew its position in Alerian MLP ETF by 2.8% in the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock valued at $46,387,000 after acquiring an additional 26,882 shares during the period. Naviter Wealth LLC grew its position in Alerian MLP ETF by 14.2% in the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after acquiring an additional 108,804 shares during the period. Finally, HighTower Advisors LLC raised its stake in Alerian MLP ETF by 10.7% during the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after acquiring an additional 83,961 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $51.95 on Thursday. The company’s fifty day moving average is $49.27 and its 200-day moving average is $47.96. Alerian MLP ETF has a 52 week low of $43.02 and a 52 week high of $52.82. The company has a market capitalization of $9.34 billion, a PE 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.