Atria Wealth Solutions Inc. Trims Stake in Alerian MLP ETF $AMLP

Atria Wealth Solutions Inc. lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 72.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,419 shares of the exchange traded fund’s stock after selling 43,691 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Alerian MLP ETF were worth $803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Griffin Asset Management Inc. raised its stake in shares of Alerian MLP ETF by 23.9% in the second quarter. Griffin Asset Management Inc. now owns 111,703 shares of the exchange traded fund’s stock valued at $5,458,000 after acquiring an additional 21,581 shares during the period. MGO One Seven LLC grew its holdings in shares of Alerian MLP ETF by 12.0% in the second quarter. MGO One Seven LLC now owns 5,995 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 642 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Alerian MLP ETF in the second quarter worth about $261,000. Concurrent Investment Advisors LLC grew its holdings in shares of Alerian MLP ETF by 18.5% in the second quarter. Concurrent Investment Advisors LLC now owns 44,251 shares of the exchange traded fund’s stock worth $2,162,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Lmcg Investments LLC grew its holdings in shares of Alerian MLP ETF by 12.9% in the second quarter. Lmcg Investments LLC now owns 29,433 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 3,360 shares during the last quarter.

Alerian MLP ETF Trading Up 0.4%

NYSEARCA AMLP opened at $45.63 on Friday. The company’s 50-day moving average price is $47.36 and its 200-day moving average price is $48.12. The stock has a market cap of $10.02 billion, a PE ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month 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.