Advisors Preferred LLC Lowers Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Advisors Preferred LLC reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 183,991 shares of the exchange traded fund’s stock after selling 51,747 shares during the quarter. Alerian MLP ETF comprises about 1.4% of Advisors Preferred LLC’s investment portfolio, making the stock its 14th biggest position. Advisors Preferred LLC owned 0.10% of Alerian MLP ETF worth $8,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares in the last quarter. 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. Stephens Inc. AR raised its stake in shares of Alerian MLP ETF by 2.8% during the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock valued at $46,387,000 after purchasing an additional 26,882 shares during the period. Naviter Wealth LLC boosted its stake in shares of Alerian MLP ETF by 14.2% in the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after purchasing an additional 108,804 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Alerian MLP ETF by 10.7% during the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $52.18 on Friday. Alerian MLP ETF has a 12-month low of $43.02 and a 12-month high of $53.24. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s fifty day moving average price is $49.98 and its 200 day moving average price is $48.25.

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.