Miller Investment Management LP trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 38.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,356 shares of the exchange traded fund’s stock after selling 8,300 shares during the period. Miller Investment Management LP’s holdings in Alerian MLP ETF were worth $629,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Alerian MLP ETF during the third quarter worth about $28,000. Asset Dedication LLC boosted its position in shares of Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 622 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF in the 3rd quarter worth approximately $40,000. ORG Wealth Partners LLC acquired a new stake in Alerian MLP ETF in the 3rd quarter valued at approximately $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the 2nd quarter valued at $49,000.
Alerian MLP ETF Stock Performance
NYSEARCA:AMLP opened at $50.65 on Wednesday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $51.47. The business has a fifty day moving average of $47.79 and a 200-day moving average of $47.27.
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.
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