B. Riley Wealth Advisors Inc. Decreases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,385 shares of the exchange traded fund’s stock after selling 16,334 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Alerian MLP ETF were worth $2,100,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. purchased a new stake in Alerian MLP ETF during the 4th quarter worth about $51,416,000. International Assets Investment Management LLC lifted its stake in Alerian MLP ETF by 3,469.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after purchasing an additional 986,683 shares during the last quarter. Wright Fund Management LLC acquired a new position in Alerian MLP ETF in the third quarter valued at approximately $37,355,000. Wells Fargo & Company MN boosted its holdings in Alerian MLP ETF by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after purchasing an additional 619,287 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Alerian MLP ETF by 58.4% in the third quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock valued at $43,522,000 after purchasing an additional 380,025 shares during the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $46.09 on Wednesday. Alerian MLP ETF has a one year low of $37.84 and a one year high of $48.48. The stock has a market capitalization of $8.29 billion, a P/E ratio of 13.08 and a beta of 0.48. The business’s 50-day simple moving average is $46.49 and its 200-day simple moving average is $45.23.

Alerian MLP ETF 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.