IHT Wealth Management LLC Has $479,000 Stake in Alerian MLP ETF (NYSEARCA:AMLP)

IHT Wealth Management LLC lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,943 shares of the exchange traded fund’s stock after selling 630 shares during the quarter. IHT Wealth Management LLC’s holdings in Alerian MLP ETF were worth $479,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC grew its holdings in shares of Alerian MLP ETF by 3,928.2% during the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after purchasing an additional 15,821,509 shares in the last quarter. Wells Fargo & Company MN lifted its position in Alerian MLP ETF by 19.4% during the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock worth $303,376,000 after purchasing an additional 1,023,323 shares during the period. LPL Financial LLC lifted its position in Alerian MLP ETF by 16.7% during the fourth quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock worth $134,897,000 after purchasing an additional 401,061 shares during the period. Raymond James Financial Inc. acquired a new stake in Alerian MLP ETF during the fourth quarter worth about $104,132,000. Finally, Stifel Financial Corp increased its stake in Alerian MLP ETF by 1.9% in the fourth quarter. Stifel Financial Corp now owns 1,091,861 shares of the exchange traded fund’s stock valued at $52,584,000 after acquiring an additional 20,075 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $49.47 on Friday. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 13.17 and a beta of 0.99. The business’s fifty day moving average is $50.07 and its 200-day moving average is $49.54.

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.