Cowa LLC lessened its position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 1.7% during the 2nd quarter, Holdings Channel reports. The firm owned 141,407 shares of the exchange traded fund’s stock after selling 2,454 shares during the quarter. Alerian MLP ETF makes up about 3.6% of Cowa LLC’s investment portfolio, making the stock its 6th biggest position. Cowa LLC’s holdings in Alerian MLP ETF were worth $6,784,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF during the 1st quarter valued at about $27,000. Asset Dedication LLC increased its holdings in shares of Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 622 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Alerian MLP ETF in the fourth quarter valued at approximately $38,000. Strategic Financial Concepts LLC acquired a new position in shares of Alerian MLP ETF in the 2nd quarter worth approximately $49,000. Finally, Ridgewood Investments LLC bought a new stake in Alerian MLP ETF during the 2nd quarter worth approximately $52,000.
Alerian MLP ETF Price Performance
AMLP stock opened at $47.20 on Friday. The business has a fifty day moving average price of $47.18 and a 200 day moving average price of $46.97. Alerian MLP ETF has a fifty-two week low of $40.03 and a fifty-two week high of $49.44. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.
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.
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