Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. lowered its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.0% during the third quarter, HoldingsChannel reports. The firm owned 39,079 shares of the exchange traded fund’s stock after selling 787 shares during the period. Palouse Capital Management Inc.’s holdings in Alerian MLP ETF were worth $1,842,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. raised its position in shares of Alerian MLP ETF by 58.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after purchasing an additional 703,620 shares in the last quarter. Cetera Investment Advisers raised its holdings in Alerian MLP ETF by 470.3% in the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after acquiring an additional 364,516 shares in the last quarter. Blair William & Co. IL boosted its stake in Alerian MLP ETF by 260.0% during the 2nd quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after acquiring an additional 350,196 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Alerian MLP ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after purchasing an additional 272,696 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Alerian MLP ETF by 233.3% in the 2nd quarter. NewEdge Advisors LLC now owns 375,554 shares of the exchange traded fund’s stock valued at $18,019,000 after purchasing an additional 262,884 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock traded down $0.33 during trading hours on Monday, hitting $46.78. 1,147,832 shares of the company were exchanged, compared to its average volume of 1,297,014. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.44. The business’s 50-day simple moving average is $46.93 and its two-hundred day simple moving average is $47.04.

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.