Johnson Investment Counsel Inc. Sells 500 Shares of Alerian MLP ETF $AMLP

Johnson Investment Counsel Inc. lowered its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,090 shares of the exchange traded fund’s stock after selling 500 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Alerian MLP ETF were worth $2,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of Alerian MLP ETF during the second quarter worth $28,000. Headlands Technologies LLC bought a new stake in shares of Alerian MLP ETF during the first quarter worth $31,000. Golden State Wealth Management LLC bought a new stake in Alerian MLP ETF in the first quarter valued at about $34,000. Copia Wealth Management bought a new stake in Alerian MLP ETF in the first quarter valued at about $38,000. Finally, Crews Bank & Trust bought a new stake in Alerian MLP ETF in the second quarter valued at about $39,000.

Alerian MLP ETF Trading Up 1.7%

NYSEARCA AMLP opened at $45.45 on Tuesday. The stock has a 50-day simple moving average of $47.65 and a 200 day simple moving average of $48.28. The company has a market capitalization of $9.95 billion, a PE ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24.

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.