Denali Advisors LLC Lowers Stock Position in Alerian MLP ETF $AMLP

Denali Advisors LLC lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 145,193 shares of the exchange traded fund’s stock after selling 2,647 shares during the period. Alerian MLP ETF comprises about 0.7% of Denali Advisors LLC’s portfolio, making the stock its 28th largest holding. Denali Advisors LLC’s holdings in Alerian MLP ETF were worth $7,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in Alerian MLP ETF during the second quarter worth about $28,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Alerian MLP ETF during the second quarter worth about $29,000. Headlands Technologies LLC purchased a new stake in Alerian MLP ETF during the first quarter worth about $31,000. Golden State Wealth Management LLC purchased a new stake in Alerian MLP ETF during the first quarter worth about $34,000. Finally, Crews Bank & Trust bought a new position in Alerian MLP ETF during the second quarter worth about $39,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $46.25 on Wednesday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The stock has a market capitalization of $10.15 billion, a PE ratio of 14.17 and a beta of 1.42. The company’s 50 day simple moving average is $47.26 and its two-hundred day simple moving average is $48.09.

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.