Wealth Effects LLC Sells 340 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wealth Effects LLC reduced its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,515 shares of the exchange traded fund’s stock after selling 340 shares during the period. Wealth Effects LLC’s holdings in Alerian MLP ETF were worth $603,000 as of its most recent SEC filing.

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

Alerian MLP ETF Price Performance

Shares of NYSEARCA AMLP opened at $51.11 on Tuesday. The stock has a market capitalization of $9.19 billion, a P/E ratio of 13.08 and a beta of 0.48. The business’s 50 day moving average is $49.51 and its two-hundred day moving average is $48.03. Alerian MLP ETF has a 1-year low of $43.02 and a 1-year high of $52.82.

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.