Pekin Hardy Strauss Inc. Sells 275 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Pekin Hardy Strauss Inc. lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,997 shares of the exchange traded fund’s stock after selling 275 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Alerian MLP ETF were worth $2,686,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Alerian MLP ETF during the 1st quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF during the third quarter valued at approximately $28,000. Asset Dedication LLC boosted its position in shares of Alerian MLP ETF by 1,244.0% in the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares during the period. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Alerian MLP ETF in the third quarter worth $40,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at $41,000.

Alerian MLP ETF Stock Performance

AMLP opened at $49.63 on Friday. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.67. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s fifty day moving average is $47.45 and its 200 day moving average is $47.12.

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.