Burke & Herbert Bank & Trust Co. Sells 2,750 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Burke & Herbert Bank & Trust Co. trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 18.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,835 shares of the exchange traded fund’s stock after selling 2,750 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Alerian MLP ETF were worth $558,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMLP. Russell Investments Group Ltd. bought a new stake in shares of Alerian MLP ETF during the first quarter worth $27,000. Asset Dedication LLC lifted its position in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in Alerian MLP ETF during the 3rd quarter worth about $40,000. ORG Wealth Partners LLC acquired a new stake in Alerian MLP ETF in the 3rd quarter valued at about $41,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF in the second quarter worth about $49,000.

Alerian MLP ETF Price Performance

Shares of AMLP stock traded down $0.04 during trading hours on Friday, reaching $46.88. 81,308 shares of the company were exchanged, compared to its average volume of 1,292,323. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock’s fifty day moving average is $47.06 and its two-hundred day moving average is $47.01. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44.

Alerian MLP ETF Company 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.