MBA Advisors LLC Reduces Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

MBA Advisors LLC reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,300 shares of the exchange traded fund’s stock after selling 580 shares during the period. MBA Advisors LLC’s holdings in Alerian MLP ETF were worth $674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Alerian MLP ETF by 8.9% during the 2nd quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock valued at $101,943,000 after acquiring an additional 173,805 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 buying an additional 272,696 shares during the period. 1832 Asset Management L.P. lifted its position in Alerian MLP ETF by 58.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after acquiring an additional 703,620 shares in the last quarter. Allen Investment Management LLC boosted its holdings in Alerian MLP ETF by 16.8% in the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after acquiring an additional 188,980 shares during the period. Finally, Raymond James & Associates grew its position in Alerian MLP ETF by 2.4% in the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after acquiring an additional 24,674 shares in the last quarter.

Alerian MLP ETF Trading Down 0.1 %

NYSEARCA AMLP opened at $46.61 on Tuesday. The stock has a market cap of $8.38 billion, a P/E ratio of 13.08 and a beta of 0.48. The company’s fifty day simple moving average is $47.05 and its 200-day simple moving average is $47.00. Alerian MLP ETF has a 52 week low of $41.06 and a 52 week high of $49.44.

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.