Global Retirement Partners LLC Decreases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Global Retirement Partners LLC trimmed its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,735 shares of the exchange traded fund’s stock after selling 3,599 shares during the period. Global Retirement Partners LLC’s holdings in Alerian MLP ETF were worth $2,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in shares of Alerian MLP ETF in the 1st quarter valued at approximately $27,000. Asset Dedication LLC raised its holdings in 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 valued at $32,000 after acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF during the 3rd quarter valued at $40,000. ORG Wealth Partners LLC acquired a new position in Alerian MLP ETF during the 3rd quarter worth $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $49,000.

Alerian MLP ETF Stock Down 0.7 %

Shares of Alerian MLP ETF stock opened at $47.10 on Friday. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44. The firm has a market cap of $8.47 billion, a P/E ratio of 13.08 and a beta of 0.48. The business has a 50-day moving average price of $46.90 and a 200 day moving average price of $47.05.

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.