Geneos Wealth Management Inc. lowered its stake in Alerian MLP ETF (NYSEARCA:AMLP – Get Rating) by 39.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 868 shares of the exchange traded fund’s stock after selling 570 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Alerian MLP ETF were worth $33,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Alerian MLP ETF by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 17,837 shares of the exchange traded fund’s stock worth $683,000 after acquiring an additional 1,743 shares during the period. Blair William & Co. IL raised its position in Alerian MLP ETF by 22.3% in the first quarter. Blair William & Co. IL now owns 52,632 shares of the exchange traded fund’s stock worth $2,016,000 after acquiring an additional 9,614 shares during the period. Cetera Investment Advisers raised its position in shares of Alerian MLP ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 29,050 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 3,406 shares during the period. Baird Financial Group Inc. raised its position in shares of Alerian MLP ETF by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 22,137 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 1,070 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Alerian MLP ETF by 12.1% during the 1st quarter. NewEdge Advisors LLC now owns 65,562 shares of the exchange traded fund’s stock valued at $2,512,000 after purchasing an additional 7,091 shares during the period.
Alerian MLP ETF Price Performance
Shares of AMLP stock opened at $39.31 on Wednesday. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 13.30 and a beta of 1.46. Alerian MLP ETF has a one year low of $32.25 and a one year high of $42.47. The company’s fifty day moving average price is $38.87 and its 200-day moving average price is $39.26.
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.
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