Smart Portfolios LLC Lowers Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Smart Portfolios LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 12.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,416 shares of the exchange traded fund’s stock after selling 4,050 shares during the period. Alerian MLP ETF comprises approximately 1.4% of Smart Portfolios LLC’s portfolio, making the stock its 20th largest position. Smart Portfolios LLC’s holdings in Alerian MLP ETF were worth $1,339,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AMLP. Concurrent Investment Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 56.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 10,618 shares of the exchange traded fund’s stock worth $500,000 after purchasing an additional 3,845 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in Alerian MLP ETF by 1.7% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock worth $764,000 after buying an additional 265 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Alerian MLP ETF by 4.4% in the third quarter. North Star Investment Management Corp. now owns 191,909 shares of the exchange traded fund’s stock worth $9,045,000 after buying an additional 8,074 shares in the last quarter. Clarity Financial LLC bought a new position in Alerian MLP ETF during the third quarter valued at approximately $223,000. Finally, TKG Advisors LLC raised its stake in shares of Alerian MLP ETF by 4.9% during the third quarter. TKG Advisors LLC now owns 79,551 shares of the exchange traded fund’s stock worth $3,749,000 after acquiring an additional 3,706 shares in the last quarter.

Alerian MLP ETF Stock Up 1.7 %

Shares of Alerian MLP ETF stock traded up $0.81 during trading on Wednesday, reaching $48.30. The company’s stock had a trading volume of 944,798 shares, compared to its average volume of 1,306,277. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s 50-day moving average is $47.07 and its two-hundred day moving average is $47.03. Alerian MLP ETF has a 52-week low of $41.06 and a 52-week high of $49.44.

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.