Avidian Wealth Solutions LLC Trims Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Avidian Wealth Solutions LLC lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLPFree Report) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,141 shares of the exchange traded fund’s stock after selling 1,341 shares during the period. Avidian Wealth Solutions LLC’s holdings in Alerian MLP ETF were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMLP. Main Street Financial Solutions LLC increased its position in shares of Alerian MLP ETF by 2.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 47,714 shares of the exchange traded fund’s stock valued at $2,029,000 after buying an additional 1,353 shares during the period. 1832 Asset Management L.P. purchased a new stake in Alerian MLP ETF in the 4th quarter worth approximately $51,416,000. Steward Partners Investment Advisory LLC boosted its holdings in Alerian MLP ETF by 1.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 56,522 shares of the exchange traded fund’s stock valued at $2,403,000 after purchasing an additional 824 shares during the period. Mckinley Capital Management LLC boosted its holdings in Alerian MLP ETF by 3.0% in the 4th quarter. Mckinley Capital Management LLC now owns 158,700 shares of the exchange traded fund’s stock valued at $6,748,000 after purchasing an additional 4,631 shares during the period. Finally, Raymond James & Associates grew its position in shares of Alerian MLP ETF by 5.1% during the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock valued at $55,523,000 after purchasing an additional 63,053 shares in the last quarter.

Alerian MLP ETF Stock Down 0.4 %

Shares of AMLP stock traded down $0.18 on Wednesday, reaching $48.15. The company’s stock had a trading volume of 692,074 shares, compared to its average volume of 1,231,214. The stock’s 50 day simple moving average is $46.76 and its 200-day simple moving average is $45.82. Alerian MLP ETF has a 12-month low of $39.84 and a 12-month high of $48.76. The company has a market capitalization of $8.66 billion, a P/E ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alerian MLP ETF (NYSEARCA:AMLP)

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