Pathstone Holdings LLC Has $2.54 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Pathstone Holdings LLC lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,840 shares of the exchange traded fund’s stock after selling 1,395 shares during the quarter. Pathstone Holdings LLC’s holdings in Alerian MLP ETF were worth $2,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMLP. Russell Investments Group Ltd. acquired a new position in Alerian MLP ETF in the 1st quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF in the third quarter worth $28,000. Asset Dedication LLC raised 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 acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Alerian MLP ETF during the third quarter valued at $40,000. Finally, ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF in the third quarter valued at about $41,000.

Alerian MLP ETF Price Performance

AMLP opened at $49.16 on Tuesday. The company has a market capitalization of $8.84 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.90. The business has a 50-day moving average of $47.48 and a 200-day moving average of $47.13.

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.