Summit Financial Wealth Advisors LLC Sells 73,956 Shares of Alerian MLP ETF $AMLP

Summit Financial Wealth Advisors LLC lowered its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,174 shares of the exchange traded fund’s stock after selling 73,956 shares during the period. Alerian MLP ETF accounts for approximately 1.7% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Summit Financial Wealth Advisors LLC owned approximately 0.12% of Alerian MLP ETF worth $12,186,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Bank of America Corp DE grew its position in Alerian MLP ETF by 0.7% during the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after buying an additional 54,835 shares in the last quarter. Allen Investment Management LLC grew its position in Alerian MLP ETF by 9.1% during the third quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after buying an additional 291,011 shares in the last quarter. Raymond James Financial Inc. grew its position in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after buying an additional 152,451 shares in the last quarter. Ameriprise Financial Inc. grew its position in Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after buying an additional 262,817 shares in the last quarter. Finally, Naviter Wealth LLC grew its position in Alerian MLP ETF by 6.6% during the third quarter. Naviter Wealth LLC now owns 1,397,127 shares of the exchange traded fund’s stock worth $65,567,000 after buying an additional 85,938 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $51.25 on Tuesday. The company has a market capitalization of $11.91 billion, a P/E ratio of 14.17 and a beta of 0.56. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $54.20. The business’s 50 day simple moving average is $52.15 and its 200 day simple moving average is $49.15.

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).