Smart Portfolios LLC Reduces Position in Alerian MLP ETF $AMLP

Smart Portfolios LLC trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,129 shares of the exchange traded fund’s stock after selling 585 shares during the period. Alerian MLP ETF makes up about 1.4% of Smart Portfolios LLC’s portfolio, making the stock its 22nd biggest position. Smart Portfolios LLC’s holdings in Alerian MLP ETF were worth $1,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMLP. Allen Investment Management LLC lifted its stake in Alerian MLP ETF by 31.7% during the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after acquiring an additional 740,605 shares during the period. Aurora Private Wealth Inc. lifted its stake in Alerian MLP ETF by 1,737.3% during the 1st quarter. Aurora Private Wealth Inc. now owns 520,327 shares of the exchange traded fund’s stock valued at $27,026,000 after acquiring an additional 492,007 shares during the period. LPL Financial LLC lifted its stake in Alerian MLP ETF by 15.6% during the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after acquiring an additional 437,947 shares during the period. Raymond James Financial Inc. lifted its stake in Alerian MLP ETF by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after acquiring an additional 401,133 shares during the period. Finally, B&D White Capital Company LLC lifted its stake in shares of Alerian MLP ETF by 509.4% in the 1st quarter. B&D White Capital Company LLC now owns 304,679 shares of the exchange traded fund’s stock valued at $15,825,000 after purchasing an additional 254,679 shares during the period.

Alerian MLP ETF Price Performance

AMLP opened at $45.31 on Wednesday. The firm has a fifty day moving average price of $47.57 and a 200 day moving average price of $48.26. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The stock has a market cap of $9.92 billion, a P/E ratio of 14.17 and a beta of 1.42.

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.