Brookstone Capital Management Sells 2,333 Shares of Alerian MLP ETF $AMLP

Brookstone Capital Management cut its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 12.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 16,190 shares of the exchange traded fund’s stock after selling 2,333 shares during the period. Brookstone Capital Management’s holdings in Alerian MLP ETF were worth $791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allen Investment Management LLC raised its position in Alerian MLP ETF by 31.7% in the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after buying an additional 740,605 shares during the last quarter. LPL Financial LLC grew its stake in shares of Alerian MLP ETF by 15.6% during the 1st 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 during the period. Raymond James Financial Inc. grew its stake in shares of Alerian MLP ETF by 18.6% during the 1st 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 during the period. B&D White Capital Company LLC grew its stake in shares of Alerian MLP ETF by 509.4% during the 1st quarter. B&D White Capital Company LLC now owns 304,679 shares of the exchange traded fund’s stock valued at $15,825,000 after purchasing an additional 254,679 shares during the period. Finally, New Harbor Financial Group LLC grew its stake in shares of Alerian MLP ETF by 89.2% during the 1st quarter. New Harbor Financial Group LLC now owns 465,660 shares of the exchange traded fund’s stock valued at $24,186,000 after purchasing an additional 219,589 shares during the period.

Alerian MLP ETF Stock Down 0.4%

Alerian MLP ETF stock opened at $46.74 on Monday. The business has a 50-day simple moving average of $47.18 and a two-hundred day simple moving average of $48.12. The company has a market cap of $10.28 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.