Sumitomo Mitsui Trust Holdings Inc. Sells 82,344 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,104,069 shares of the exchange traded fund’s stock after selling 82,344 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.67% of Alerian MLP ETF worth $46,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of Alerian MLP ETF by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 17,837 shares of the exchange traded fund’s stock valued at $683,000 after purchasing an additional 1,743 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Alerian MLP ETF by 22.3% in the first quarter. Blair William & Co. IL now owns 52,632 shares of the exchange traded fund’s stock valued at $2,016,000 after purchasing an additional 9,614 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Alerian MLP ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 29,050 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 3,406 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Alerian MLP ETF by 5.1% in the first quarter. Baird Financial Group Inc. now owns 22,137 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 1,070 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Alerian MLP ETF by 12.1% in the first quarter. NewEdge Advisors LLC now owns 65,562 shares of the exchange traded fund’s stock valued at $2,512,000 after purchasing an additional 7,091 shares in the last quarter.

Alerian MLP ETF Stock Performance

AMLP stock opened at $46.94 on Friday. The firm has a fifty day moving average price of $46.38 and a 200 day moving average price of $44.02. Alerian MLP ETF has a fifty-two week low of $37.06 and a fifty-two week high of $48.48. The firm has a market cap of $8.36 billion, a PE ratio of 12.87 and a beta of 0.51.

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.