JPMorgan Chase & Co. Sells 57,829 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

JPMorgan Chase & Co. lowered its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 52.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,214 shares of the exchange traded fund’s stock after selling 57,829 shares during the period. JPMorgan Chase & Co.’s holdings in Alerian MLP ETF were worth $2,508,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMLP. Cypress Wealth Services LLC grew its stake in Alerian MLP ETF by 3.7% in the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock valued at $284,000 after acquiring an additional 217 shares during the period. Retirement Planning Group LLC lifted its holdings in Alerian MLP ETF by 2.9% during the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 218 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 242 shares during the period. Mach 1 Financial Group LLC raised its stake in shares of Alerian MLP ETF by 2.4% in the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 244 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its stake in shares of Alerian MLP ETF by 1.7% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock valued at $764,000 after buying an additional 265 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $51.71 on Tuesday. The stock has a market cap of $9.30 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $42.25 and a fifty-two week high of $51.75. The stock has a fifty day moving average of $49.08 and a 200-day moving average of $47.90.

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.