Brighton Jones LLC Reduces Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Brighton Jones LLC decreased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 1.7% in the second quarter, HoldingsChannel.com reports. The fund owned 44,931 shares of the exchange traded fund’s stock after selling 770 shares during the period. Brighton Jones LLC’s holdings in Alerian MLP ETF were worth $2,156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMLP. 1832 Asset Management L.P. purchased a new stake in Alerian MLP ETF in the fourth quarter worth $51,416,000. Cetera Investment Advisers lifted its position in Alerian MLP ETF by 470.3% during the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after buying an additional 364,516 shares during the period. Blair William & Co. IL lifted its position in Alerian MLP ETF by 260.0% during the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after buying an additional 350,196 shares during the period. Allen Wealth Management LLC purchased a new position in Alerian MLP ETF during the fourth quarter valued at $12,865,000. Finally, Envestnet Asset Management Inc. lifted its position in Alerian MLP ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after buying an additional 272,696 shares during the period.

Alerian MLP ETF Trading Down 0.0 %

Shares of Alerian MLP ETF stock opened at $47.17 on Friday. The firm has a market capitalization of $8.48 billion, a P/E ratio of 13.08 and a beta of 0.48. The business has a fifty day simple moving average of $47.16 and a two-hundred day simple moving average of $46.97. Alerian MLP ETF has a 12 month low of $40.03 and a 12 month high of $49.44.

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.