Alerian MLP ETF $AMLP Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,379 shares of the exchange traded fund’s stock after selling 3,658 shares during the quarter. Blue Trust Inc.’s holdings in Alerian MLP ETF were worth $2,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC raised its stake in Alerian MLP ETF by 15.6% during the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after acquiring an additional 437,947 shares in the last quarter. Allen Investment Management LLC raised its stake in Alerian MLP ETF by 31.7% during the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after acquiring an additional 740,605 shares in the last quarter. Raymond James Financial Inc. raised its stake in Alerian MLP ETF by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock worth $133,140,000 after acquiring an additional 401,133 shares in the last quarter. Naviter Wealth LLC raised its stake in Alerian MLP ETF by 4.1% during the 1st quarter. Naviter Wealth LLC now owns 1,116,240 shares of the exchange traded fund’s stock worth $58,123,000 after acquiring an additional 43,833 shares in the last quarter. Finally, US Bancorp DE raised its stake in Alerian MLP ETF by 34.4% during the 2nd quarter. US Bancorp DE now owns 760,011 shares of the exchange traded fund’s stock worth $37,134,000 after acquiring an additional 194,330 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $44.68 on Friday. The firm has a market capitalization of $9.79 billion, a P/E ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24. The company’s fifty day moving average price is $47.73 and its 200 day moving average price is $48.38.

About Alerian MLP ETF

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.