Mills Wealth Advisors LLC Cuts Stock Holdings in Alerian MLP ETF $AMLP

Mills Wealth Advisors LLC reduced its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 19.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,154 shares of the exchange traded fund’s stock after selling 13,234 shares during the period. Alerian MLP ETF makes up approximately 1.0% of Mills Wealth Advisors LLC’s portfolio, making the stock its 21st largest position. Mills Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $2,593,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC increased its holdings in Alerian MLP ETF by 11.5% in the third quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock valued at $9,497,000 after buying an additional 20,800 shares in the last quarter. Empirical Asset Management LLC purchased a new position in Alerian MLP ETF in the third quarter valued at about $735,000. Algorithmic Investment Models LLC increased its holdings in Alerian MLP ETF by 21.4% in the third quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock valued at $5,066,000 after buying an additional 19,039 shares in the last quarter. Ball & Co Wealth Management Inc. increased its holdings in Alerian MLP ETF by 6.8% in the third quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock valued at $10,175,000 after buying an additional 13,843 shares in the last quarter. Finally, Investment House LLC purchased a new position in Alerian MLP ETF in the third quarter valued at about $735,000.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $51.11 on Monday. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $54.20. The stock has a market cap of $11.87 billion, a PE ratio of 14.17 and a beta of 0.56. The company has a 50-day moving average of $52.15 and a two-hundred day moving average of $49.12.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).