Sterling Investment Management LLC Sells 1,698 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Sterling Investment Management LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,622 shares of the exchange traded fund’s stock after selling 1,698 shares during the period. Sterling Investment Management LLC’s holdings in Alerian MLP ETF were worth $1,019,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in shares of Alerian MLP ETF during the 1st quarter worth about $27,000. Asset Dedication LLC lifted its holdings in shares of Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth about $40,000. ORG Wealth Partners LLC bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth about $41,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth about $49,000.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $47.11 on Monday. Alerian MLP ETF has a 52 week low of $41.06 and a 52 week high of $49.44. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company has a 50-day moving average of $46.93 and a 200-day moving average of $47.04.

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.