J.W. Cole Advisors Inc. Sells 369 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

J.W. Cole Advisors Inc. reduced its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,128 shares of the exchange traded fund’s stock after selling 369 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Alerian MLP ETF were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of AMLP. Envestnet Asset Management Inc. lifted its stake in Alerian MLP ETF by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after acquiring an additional 272,696 shares during the period. Allen Investment Management LLC lifted its position in Alerian MLP ETF by 16.8% during the second quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock valued at $63,115,000 after purchasing an additional 188,980 shares during the period. Wealthspire Advisors LLC boosted its holdings in Alerian MLP ETF by 0.3% in the second quarter. Wealthspire Advisors LLC now owns 88,228 shares of the exchange traded fund’s stock worth $4,233,000 after purchasing an additional 288 shares during the last quarter. Fiduciary Group LLC grew its position in Alerian MLP ETF by 103.0% in the 2nd quarter. Fiduciary Group LLC now owns 10,150 shares of the exchange traded fund’s stock worth $487,000 after purchasing an additional 5,150 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in Alerian MLP ETF during the 2nd quarter valued at $316,000.

Alerian MLP ETF Price Performance

AMLP stock opened at $47.64 on Tuesday. Alerian MLP ETF has a 1 year low of $40.03 and a 1 year high of $49.44. The company has a market cap of $8.57 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock’s fifty day moving average price is $47.21 and its 200-day moving average price is $46.96.

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.