Janney Montgomery Scott LLC Cuts Position in Alerian MLP ETF (NYSEARCA:AMLP)

Janney Montgomery Scott LLC cut its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,365 shares of the exchange traded fund’s stock after selling 20,215 shares during the period. Janney Montgomery Scott LLC owned about 0.21% of Alerian MLP ETF worth $18,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMLP. Ashton Thomas Securities LLC purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at $28,000. City State Bank purchased a new stake in Alerian MLP ETF during the fourth quarter worth about $40,000. Massmutual Trust Co. FSB ADV bought a new stake in Alerian MLP ETF in the third quarter worth about $40,000. ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF in the third quarter valued at about $41,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Alerian MLP ETF during the 3rd quarter valued at approximately $65,000.

Alerian MLP ETF Trading Up 0.0 %

NYSEARCA:AMLP opened at $52.10 on Friday. Alerian MLP ETF has a 12 month low of $43.02 and a 12 month high of $52.82. The firm’s 50 day moving average is $49.45 and its 200 day moving average is $48.01. The stock has a market capitalization of $9.37 billion, a PE ratio of 13.08 and a beta of 0.48.

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.