Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% during the 3rd quarter, Holdings Channel reports. The fund owned 1,071,786 shares of the exchange traded fund’s stock after selling 78,219 shares during the quarter. Stifel Financial Corp’s holdings in Alerian MLP ETF were worth $50,514,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Aurora Private Wealth Inc. raised its stake in Alerian MLP ETF by 0.7% in the second quarter. Aurora Private Wealth Inc. now owns 29,265 shares of the exchange traded fund’s stock valued at $1,404,000 after buying an additional 208 shares in the last quarter. Cypress Wealth Services LLC raised its stake in Alerian MLP ETF by 3.7% in the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock valued at $284,000 after buying an additional 217 shares in the last quarter. Retirement Planning Group LLC raised its stake in Alerian MLP ETF by 2.9% in the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 218 shares in the last quarter. Opal Wealth Advisors LLC raised its stake in Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 242 shares in the last quarter. Finally, Mach 1 Financial Group LLC raised its stake in Alerian MLP ETF by 2.4% in the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 244 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $49.92 on Friday. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $51.47. The stock has a market cap of $8.98 billion, a PE ratio of 13.08 and a beta of 0.48. The stock’s fifty day moving average is $48.03 and its two-hundred day moving average is $47.35.

Alerian MLP ETF 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.