Essex Financial Services Inc. Has $3.69 Million Stake in Alerian MLP ETF $AMLP

Essex Financial Services Inc. lowered its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,513 shares of the exchange traded fund’s stock after selling 7,456 shares during the quarter. Essex Financial Services Inc.’s holdings in Alerian MLP ETF were worth $3,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in Alerian MLP ETF during the first quarter worth $31,000. Golden State Wealth Management LLC acquired a new stake in Alerian MLP ETF in the first quarter worth $34,000. Copia Wealth Management bought a new stake in Alerian MLP ETF in the first quarter valued at $38,000. Finally, Garde Capital Inc. acquired a new position in shares of Alerian MLP ETF during the second quarter valued at about $49,000.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $47.42 on Thursday. The stock has a 50-day moving average of $48.36 and a 200-day moving average of $48.79. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The company has a market cap of $10.19 billion, a PE ratio of 14.17 and a beta of 1.42.

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.