Montag A & Associates Inc. lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 68.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 802 shares of the exchange traded fund’s stock after selling 1,763 shares during the period. Montag A & Associates Inc.’s holdings in Alerian MLP ETF were worth $39,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of Alerian MLP ETF in the second quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in Alerian MLP ETF during the 1st quarter worth about $31,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Alerian MLP ETF during the 2nd quarter worth about $29,000. Crews Bank & Trust acquired a new stake in Alerian MLP ETF in the 2nd quarter valued at about $39,000. Finally, Independence Bank of Kentucky boosted its stake in shares of 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 during the period.
Alerian MLP ETF Stock Performance
Shares of Alerian MLP ETF stock opened at $46.25 on Friday. The business has a 50-day simple moving average of $46.78 and a 200-day simple moving average of $48.00. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The company has a market cap of $10.15 billion, a PE ratio of 14.17 and a beta of 0.70.
About Alerian MLP ETF
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.
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