HFG Wealth Management LLC Cuts Position in Alerian MLP ETF $AMLP

HFG Wealth Management LLC trimmed its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 55.8% during the second quarter, Holdings Channel reports. The firm owned 15,478 shares of the exchange traded fund’s stock after selling 19,571 shares during the quarter. Alerian MLP ETF makes up approximately 0.8% of HFG Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. HFG Wealth Management LLC’s holdings in Alerian MLP ETF were worth $803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mayfair Advisory Group LLC grew its stake in shares of Alerian MLP ETF by 3.4% in the first quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock valued at $320,000 after buying an additional 200 shares in the last quarter. Noesis Capital Mangement Corp lifted its stake in Alerian MLP ETF by 3.0% during the 1st quarter. Noesis Capital Mangement Corp now owns 6,900 shares of the exchange traded fund’s stock worth $363,000 after acquiring an additional 200 shares in the last quarter. Bogart Wealth LLC boosted its holdings in Alerian MLP ETF by 4.4% during the 4th quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock valued at $269,000 after acquiring an additional 242 shares during the period. J. L. Bainbridge & Co. Inc. boosted its holdings in Alerian MLP ETF by 5.0% during the 1st quarter. J. L. Bainbridge & Co. Inc. now owns 5,680 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 271 shares during the period. Finally, Keudell Morrison Wealth Management grew its position in Alerian MLP ETF by 5.2% in the 1st quarter. Keudell Morrison Wealth Management now owns 5,577 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 275 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $54.75 on Monday. The firm has a 50 day simple moving average of $53.43 and a 200-day simple moving average of $52.79. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.66. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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).