Miller Investment Management LP Decreases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Miller Investment Management LP lowered its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 38.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $28,000. Asset Dedication LLC increased its stake in shares of Alerian MLP ETF by 1,244.0% in 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 last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Alerian MLP ETF in the third quarter valued at $40,000. ORG Wealth Partners LLC bought a new position in Alerian MLP ETF during the 3rd quarter valued at $41,000. Finally, Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF during the 2nd quarter worth $49,000.

Alerian MLP ETF Stock Performance

AMLP opened at $50.65 on Wednesday. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $51.47. The company has a 50-day moving average of $47.79 and a 200-day moving average of $47.27. The company has a market capitalization of $9.11 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.