PFG Investments LLC Sells 1,573 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

PFG Investments LLC trimmed its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,374 shares of the exchange traded fund’s stock after selling 1,573 shares during the quarter. PFG Investments LLC’s holdings in Alerian MLP ETF were worth $789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Crescent Grove Advisors LLC bought a new position in Alerian MLP ETF during the fourth quarter worth $12,868,000. Regency Capital Management Inc. DE lifted its holdings in shares of Alerian MLP ETF by 0.9% during the fourth quarter. Regency Capital Management Inc. DE now owns 99,059 shares of the exchange traded fund’s stock worth $4,771,000 after buying an additional 880 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of Alerian MLP ETF by 65.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 106,694 shares of the exchange traded fund’s stock worth $5,138,000 after buying an additional 42,290 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Alerian MLP ETF by 159.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 965 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Alerian MLP ETF by 7.0% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 15,783 shares of the exchange traded fund’s stock worth $760,000 after buying an additional 1,038 shares in the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $51.76 on Wednesday. Alerian MLP ETF has a fifty-two week low of $43.02 and a fifty-two week high of $52.82. The company has a market capitalization of $9.31 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock has a fifty day moving average of $49.57 and a 200-day moving average of $48.05.

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.