Moneta Group Investment Advisors LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 83.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,907 shares of the exchange traded fund’s stock after selling 43,536 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Alerian MLP ETF were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of AMLP. Lindbrook Capital LLC bought a new position in Alerian MLP ETF in the 2nd quarter worth approximately $29,000. TCG Advisors LP bought a new stake in Alerian MLP ETF during the first quarter worth about $49,000. Citizens Financial Group Inc RI bought a new stake in Alerian MLP ETF during the second quarter worth about $65,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Alerian MLP ETF by 18.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,758 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Weaver Consulting Group purchased a new position in shares of Alerian MLP ETF in the 1st quarter worth about $73,000.
NYSEARCA:AMLP traded up $0.03 during trading hours on Wednesday, reaching $9.24. The company’s stock had a trading volume of 767,382 shares, compared to its average volume of 15,373,496. The firm has a 50-day simple moving average of $9.25 and a 200-day simple moving average of $9.75. Alerian MLP ETF has a 1 year low of $8.27 and a 1 year high of $11.02.
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.
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