Prime Capital Investment Advisors LLC Trims Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Prime Capital Investment Advisors LLC trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,149 shares of the exchange traded fund’s stock after selling 9,774 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.21% of Alerian MLP ETF worth $18,199,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in Alerian MLP ETF by 94.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,676 shares of the exchange traded fund’s stock worth $744,000 after buying an additional 7,614 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in Alerian MLP ETF in the first quarter worth about $260,000. Russell Investments Group Ltd. purchased a new stake in Alerian MLP ETF in the first quarter worth about $27,000. US Bancorp DE lifted its stake in Alerian MLP ETF by 298.6% in the first quarter. US Bancorp DE now owns 20,897 shares of the exchange traded fund’s stock worth $992,000 after acquiring an additional 15,655 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in Alerian MLP ETF by 21.2% in the first quarter. Avantax Advisory Services Inc. now owns 29,792 shares of the exchange traded fund’s stock worth $1,414,000 after purchasing an additional 5,207 shares in the last quarter.

Alerian MLP ETF Stock Down 0.1 %

Shares of AMLP traded down $0.07 during mid-day trading on Tuesday, hitting $48.06. 296,113 shares of the company traded hands, compared to its average volume of 1,308,540. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $49.44. The company has a market capitalization of $8.65 billion, a PE ratio of 13.08 and a beta of 0.48. The business has a 50 day moving average of $47.17 and a 200 day moving average of $47.05.

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.