Moran Wealth Management LLC Decreases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Moran Wealth Management LLC lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,363 shares of the exchange traded fund’s stock after selling 803 shares during the period. Moran Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Alerian MLP ETF during the first quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF in the 3rd quarter valued at about $28,000. Asset Dedication LLC increased its stake 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 valued at $32,000 after buying an additional 622 shares during the period. Massmutual Trust Co. FSB ADV bought a new stake in shares of Alerian MLP ETF during the 3rd quarter worth about $40,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $41,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $49.13 on Friday. The stock has a fifty day moving average price of $47.41 and a two-hundred day moving average price of $47.11. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The firm has a market cap of $8.84 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.