International Assets Investment Management LLC Trims Position in Alerian MLP ETF $AMLP

International Assets Investment Management LLC cut its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,600 shares of the exchange traded fund’s stock after selling 2,296 shares during the quarter. International Assets Investment Management LLC’s holdings in Alerian MLP ETF were worth $1,495,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. LPL Financial LLC increased its stake in shares of Alerian MLP ETF by 15.6% during the first quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after buying an additional 437,947 shares during the period. Allen Investment Management LLC increased its stake in shares of Alerian MLP ETF by 31.7% during the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after buying an additional 740,605 shares during the period. Raymond James Financial Inc. increased its stake in shares of Alerian MLP ETF by 18.6% during the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after buying an additional 401,133 shares during the period. Naviter Wealth LLC increased its stake in shares of Alerian MLP ETF by 17.5% during the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after buying an additional 194,949 shares during the period. Finally, US Bancorp DE grew its stake in Alerian MLP ETF by 34.4% in the second quarter. US Bancorp DE now owns 760,011 shares of the exchange traded fund’s stock worth $37,134,000 after purchasing an additional 194,330 shares during the period.

Alerian MLP ETF Stock Up 0.4%

Shares of AMLP stock opened at $45.63 on Monday. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. The business’s fifty day moving average is $47.36 and its 200 day moving average is $48.10. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24.

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.