Alerian MLP ETF (NYSEARCA:AMLP) Stake Lessened by Forte Asset Management LLC

Forte Asset Management LLC decreased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,315 shares of the exchange traded fund’s stock after selling 4,803 shares during the period. Alerian MLP ETF comprises about 1.5% of Forte Asset Management LLC’s portfolio, making the stock its 26th largest holding. Forte Asset Management LLC’s holdings in Alerian MLP ETF were worth $2,760,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after acquiring an additional 275,254 shares during the period. Raymond James & Associates boosted its holdings in shares of Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after acquiring an additional 24,674 shares during the period. Stephens Inc. AR lifted its holdings in Alerian MLP ETF by 2.8% in the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after purchasing an additional 26,882 shares during the period. Naviter Wealth LLC lifted its holdings in Alerian MLP ETF by 14.2% in the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock worth $41,337,000 after purchasing an additional 108,804 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after purchasing an additional 83,961 shares during the period.

Alerian MLP ETF Stock Down 1.9 %

AMLP stock opened at $51.11 on Tuesday. The company has a market capitalization of $9.19 billion, a P/E ratio of 13.08 and a beta of 0.48. The company has a 50-day simple moving average of $49.51 and a 200 day simple moving average of $48.03. Alerian MLP ETF has a fifty-two week low of $43.02 and a fifty-two week 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.