Provident Wealth Management LLC Has $286,000 Stock Position in Alerian MLP ETF $AMLP

Provident Wealth Management LLC lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 9.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,845 shares of the exchange traded fund’s stock after selling 606 shares during the quarter. Provident Wealth Management LLC’s holdings in Alerian MLP ETF were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMLP. Allen Investment Management LLC raised its stake in Alerian MLP ETF by 31.7% in the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after purchasing an additional 740,605 shares in the last quarter. Aurora Private Wealth Inc. raised its stake in Alerian MLP ETF by 1,737.3% in the first quarter. Aurora Private Wealth Inc. now owns 520,327 shares of the exchange traded fund’s stock valued at $27,026,000 after purchasing an additional 492,007 shares in the last quarter. LPL Financial LLC raised its stake in Alerian MLP ETF by 15.6% in the first quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after purchasing an additional 437,947 shares in the last quarter. Raymond James Financial Inc. raised its stake in Alerian MLP ETF by 18.6% in the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after purchasing an additional 401,133 shares in the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new position in Alerian MLP ETF in the first quarter valued at about $15,492,000.

Alerian MLP ETF Stock Down 0.1%

AMLP stock opened at $46.93 on Wednesday. The company has a market cap of $10.09 billion, a PE ratio of 14.17 and a beta of 1.42. The business has a 50-day simple moving average of $48.24 and a 200 day simple moving average of $48.68. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.24.

Alerian MLP ETF Company 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.