Sterling Investment Management LLC Sells 1,698 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Sterling Investment Management LLC cut its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 7.3% during the third quarter, Holdings Channel.com reports. The fund owned 21,622 shares of the exchange traded fund’s stock after selling 1,698 shares during the period. Sterling Investment Management LLC’s holdings in Alerian MLP ETF were worth $1,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Violich Capital Management Inc. boosted its stake in Alerian MLP ETF by 1.7% in the third quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock valued at $10,618,000 after acquiring an additional 3,870 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in shares of Alerian MLP ETF by 3.4% during the third quarter. Cyndeo Wealth Partners LLC now owns 64,404 shares of the exchange traded fund’s stock worth $3,035,000 after purchasing an additional 2,105 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Alerian MLP ETF by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 685,962 shares of the exchange traded fund’s stock worth $32,329,000 after purchasing an additional 20,243 shares in the last quarter. Raymond James & Associates boosted its position in shares of Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Alerian MLP ETF by 181.9% during the third quarter. Blue Trust Inc. now owns 31,571 shares of the exchange traded fund’s stock worth $1,515,000 after purchasing an additional 20,370 shares in the last quarter.

Alerian MLP ETF Stock Up 0.0 %

Shares of NYSEARCA AMLP opened at $47.11 on Monday. The company’s fifty day moving average is $46.93 and its 200-day moving average is $47.04. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.44.

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.