Smart Portfolios LLC Sells 4,050 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Smart Portfolios LLC reduced its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,416 shares of the exchange traded fund’s stock after selling 4,050 shares during the period. Alerian MLP ETF comprises 1.4% of Smart Portfolios LLC’s investment portfolio, making the stock its 20th largest position. Smart Portfolios LLC’s holdings in Alerian MLP ETF were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its holdings in shares of Alerian MLP ETF by 56.8% in the third quarter. Concurrent Investment Advisors LLC now owns 10,618 shares of the exchange traded fund’s stock worth $500,000 after purchasing an additional 3,845 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in Alerian MLP ETF by 1.7% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock valued at $764,000 after buying an additional 265 shares during the last quarter. North Star Investment Management Corp. boosted its position in Alerian MLP ETF by 4.4% during the 3rd quarter. North Star Investment Management Corp. now owns 191,909 shares of the exchange traded fund’s stock valued at $9,045,000 after buying an additional 8,074 shares during the period. Clarity Financial LLC bought a new stake in Alerian MLP ETF in the 3rd quarter worth $223,000. Finally, TKG Advisors LLC grew its holdings in Alerian MLP ETF by 4.9% in the 3rd quarter. TKG Advisors LLC now owns 79,551 shares of the exchange traded fund’s stock worth $3,749,000 after acquiring an additional 3,706 shares during the last quarter.

Alerian MLP ETF Stock Up 1.7 %

Shares of NYSEARCA:AMLP traded up $0.81 during midday trading on Wednesday, hitting $48.30. 944,798 shares of the stock traded hands, compared to its average volume of 1,306,277. The business’s 50 day moving average is $47.07 and its two-hundred day moving average is $47.03. The stock has a market capitalization of $8.69 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $41.06 and a one year 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.