Pandora Wealth Inc. Has $220,000 Position in Alerian MLP ETF $AMLP

Pandora Wealth Inc. lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 18.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the exchange traded fund’s stock after selling 1,000 shares during the quarter. Pandora Wealth Inc.’s holdings in Alerian MLP ETF were worth $220,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in Alerian MLP ETF during the second quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in Alerian MLP ETF during the first quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in Alerian MLP ETF during the first quarter worth approximately $34,000. Copia Wealth Management acquired a new stake in Alerian MLP ETF during the first quarter worth approximately $38,000. Finally, Crews Bank & Trust acquired a new stake in Alerian MLP ETF during the second quarter worth approximately $39,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $44.68 on Monday. The company has a market capitalization of $9.78 billion, a P/E ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The business’s 50 day simple moving average is $47.73 and its 200 day simple moving average is $48.33.

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.