Sumitomo Mitsui Trust Group Inc. Has $45.40 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 942,736 shares of the exchange traded fund’s stock after selling 78,406 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Alerian MLP ETF were worth $45,402,000 as of its most recent SEC filing.

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

Alerian MLP ETF Price Performance

Shares of AMLP opened at $52.63 on Tuesday. Alerian MLP ETF has a one year low of $43.29 and a one year high of $53.24. The company has a market cap of $9.47 billion, a PE ratio of 13.08 and a beta of 0.48. The stock has a 50-day moving average of $50.01 and a 200-day moving average of $48.28.

Alerian MLP ETF Company 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.