Westwood Holdings Group Inc. decreased its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 57.7% in the second quarter, HoldingsChannel reports. The firm owned 7,130 shares of the exchange traded fund’s stock after selling 9,714 shares during the period. Westwood Holdings Group Inc.’s holdings in Alerian MLP ETF were worth $342,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in Alerian MLP ETF during the 1st quarter worth about $27,000. Asset Dedication LLC boosted its position in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares during the period. ICA Group Wealth Management LLC acquired a new stake in Alerian MLP ETF during the 4th quarter worth about $38,000. Strategic Financial Concepts LLC acquired a new stake in Alerian MLP ETF during the 2nd quarter worth about $49,000. Finally, Ridgewood Investments LLC acquired a new stake in Alerian MLP ETF during the 2nd quarter worth about $52,000.
Alerian MLP ETF Price Performance
AMLP opened at $47.17 on Monday. Alerian MLP ETF has a fifty-two week low of $40.03 and a fifty-two week high of $49.44. The business has a 50-day moving average of $47.13 and a 200-day moving average of $46.99. The company has a market capitalization of $8.48 billion, a PE ratio of 13.08 and a beta of 0.48.
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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