Mills Wealth Advisors LLC Reduces Holdings in Alerian MLP ETF $AMLP

Mills Wealth Advisors LLC trimmed its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 25.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,746 shares of the exchange traded fund’s stock after selling 22,364 shares during the quarter. Alerian MLP ETF makes up approximately 1.5% of Mills Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest position. Mills Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $3,163,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF during the second quarter worth approximately $28,000. Headlands Technologies LLC purchased a new stake in Alerian MLP ETF in the 1st quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in Alerian MLP ETF in the 1st quarter valued at $34,000. Crews Bank & Trust purchased a new stake in Alerian MLP ETF in the 2nd quarter valued at $39,000. Finally, Independence Bank of Kentucky grew its holdings in Alerian MLP ETF by 517.5% in the 2nd quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 828 shares in the last quarter.

Alerian MLP ETF Stock Up 1.6%

Shares of NYSEARCA:AMLP opened at $46.35 on Tuesday. The business has a fifty day moving average of $47.32 and a two-hundred day moving average of $48.10. The stock has a market cap of $10.18 billion, a P/E ratio of 14.17 and a beta of 1.42. 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.