Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC cut its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 243,800 shares of the exchange traded fund’s stock after selling 697 shares during the quarter. Alerian MLP ETF makes up approximately 0.8% of Tectonic Advisors LLC’s portfolio, making the stock its 19th biggest position. Tectonic Advisors LLC owned 0.14% of Alerian MLP ETF worth $11,741,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter worth approximately $28,000. City State Bank acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $40,000. ORG Wealth Partners LLC acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $41,000. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the third quarter worth approximately $65,000. Finally, Rosenberg Matthew Hamilton increased its position in Alerian MLP ETF by 803.5% during the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after buying an additional 1,374 shares during the period.

Alerian MLP ETF Trading Up 0.8 %

AMLP stock opened at $52.71 on Wednesday. The company has a market capitalization of $9.48 billion, a P/E ratio of 13.08 and a beta of 0.48. The business has a 50 day simple moving average of $49.86 and a 200-day simple moving average of $48.17. Alerian MLP ETF has a twelve month low of $43.02 and a twelve month high of $52.85.

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.