Patten & Patten Inc. TN Decreases Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Patten & Patten Inc. TN decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,150 shares of the exchange traded fund’s stock after selling 222 shares during the quarter. Patten & Patten Inc. TN’s holdings in Alerian MLP ETF were worth $1,621,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rational Advisors LLC purchased a new stake in Alerian MLP ETF in the 1st quarter valued at approximately $65,064,000. 1832 Asset Management L.P. purchased a new stake in Alerian MLP ETF in the 4th quarter valued at approximately $51,416,000. International Assets Investment Management LLC lifted its stake in Alerian MLP ETF by 3,469.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock valued at $431,630,000 after buying an additional 986,683 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Alerian MLP ETF by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after buying an additional 619,287 shares in the last quarter. Finally, Allen Wealth Management LLC purchased a new stake in Alerian MLP ETF in the 4th quarter valued at approximately $12,865,000.

Alerian MLP ETF Price Performance

AMLP traded up $0.25 during trading on Monday, hitting $49.20. The company’s stock had a trading volume of 1,478,957 shares, compared to its average volume of 1,243,050. The firm’s 50 day moving average price is $46.97 and its 200-day moving average price is $46.15. The stock has a market cap of $8.85 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44.

About Alerian MLP ETF

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.