Allen Capital Group LLC Sells 5,164 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Allen Capital Group LLC trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP) by 8.7% during the third quarter, HoldingsChannel.com reports. The fund owned 54,247 shares of the exchange traded fund’s stock after selling 5,164 shares during the quarter. Allen Capital Group LLC’s holdings in Alerian MLP ETF were worth $2,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. 1832 Asset Management L.P. grew its stake in shares of Alerian MLP ETF by 58.2% during the first quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after buying an additional 703,620 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of Alerian MLP ETF during the third quarter worth $31,562,000. Cetera Investment Advisers grew its stake in shares of Alerian MLP ETF by 470.3% during the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock worth $20,979,000 after buying an additional 364,516 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Alerian MLP ETF by 260.0% during the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock worth $23,265,000 after buying an additional 350,196 shares during the last quarter. Finally, School Employees Retirement Board of Ohio bought a new stake in shares of Alerian MLP ETF during the third quarter worth $14,643,000.

Alerian MLP ETF Stock Up 1.3 %

Shares of Alerian MLP ETF stock opened at $49.13 on Friday. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.44. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company’s fifty day moving average is $47.41 and its 200 day moving average is $47.11.

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.