Allen Investment Management LLC Cuts Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Allen Investment Management LLC trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,126,462 shares of the exchange traded fund’s stock after selling 1,956 shares during the quarter. Alerian MLP ETF makes up approximately 0.7% of Allen Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding. Allen Investment Management LLC owned about 0.63% of Alerian MLP ETF worth $53,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Main Street Financial Solutions LLC grew its holdings in Alerian MLP ETF by 2.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 47,714 shares of the exchange traded fund’s stock worth $2,029,000 after purchasing an additional 1,353 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth $51,416,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Alerian MLP ETF by 1.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 56,522 shares of the exchange traded fund’s stock worth $2,403,000 after buying an additional 824 shares during the period. Mckinley Capital Management LLC lifted its stake in shares of Alerian MLP ETF by 3.0% during the fourth quarter. Mckinley Capital Management LLC now owns 158,700 shares of the exchange traded fund’s stock worth $6,748,000 after buying an additional 4,631 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Alerian MLP ETF by 5.1% during the fourth quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after buying an additional 63,053 shares during the period.

Alerian MLP ETF Trading Up 0.3 %

Shares of NYSEARCA:AMLP traded up $0.15 on Friday, hitting $48.44. 1,159,152 shares of the company were exchanged, compared to its average volume of 1,232,697. Alerian MLP ETF has a 1-year low of $39.97 and a 1-year high of $48.76. The stock’s 50 day moving average price is $46.82 and its 200 day moving average price is $45.88. The firm has a market capitalization of $8.71 billion, a P/E ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF 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.