Essex Financial Services Inc. Trims Holdings in Alerian MLP ETF $AMLP

Essex Financial Services Inc. decreased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 26.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,138 shares of the exchange traded fund’s stock after selling 16,971 shares during the quarter. Essex Financial Services Inc.’s holdings in Alerian MLP ETF were worth $2,169,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMLP. Brighton Jones LLC lifted its position in Alerian MLP ETF by 19.4% during the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after buying an additional 7,280 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Alerian MLP ETF by 16.4% during the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock worth $6,898,000 after buying an additional 19,916 shares in the last quarter. Sei Investments Co. purchased a new position in Alerian MLP ETF during the second quarter worth approximately $623,000. Diversify Advisory Services LLC purchased a new position in Alerian MLP ETF during the second quarter worth approximately $224,000. Finally, Quantinno Capital Management LP lifted its position in Alerian MLP ETF by 63.3% during the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after buying an additional 19,678 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $51.60 on Monday. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.22. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. The business’s 50 day moving average price is $52.90 and its 200 day moving average price is $50.46.

Alerian MLP ETF 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).