Cowa LLC Sells 8,549 Shares of Alerian MLP ETF $AMLP

Cowa LLC trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP) by 9.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 82,415 shares of the exchange traded fund’s stock after selling 8,549 shares during the period. Alerian MLP ETF makes up 1.5% of Cowa LLC’s portfolio, making the stock its 18th biggest holding. Cowa LLC’s holdings in Alerian MLP ETF were worth $4,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allen Investment Management LLC grew its stake in shares of Alerian MLP ETF by 31.7% in the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after acquiring an additional 740,605 shares in the last quarter. LPL Financial LLC boosted its holdings in Alerian MLP ETF by 15.6% in the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after purchasing an additional 437,947 shares during the period. Raymond James Financial Inc. grew its position in shares of Alerian MLP ETF by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock worth $133,140,000 after purchasing an additional 401,133 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Alerian MLP ETF by 60.4% during the second quarter. Rockefeller Capital Management L.P. now owns 856,674 shares of the exchange traded fund’s stock worth $41,857,000 after purchasing an additional 322,729 shares during the period. Finally, TRUE Private Wealth Advisors increased its holdings in shares of Alerian MLP ETF by 3,254.0% during the second quarter. TRUE Private Wealth Advisors now owns 330,398 shares of the exchange traded fund’s stock worth $16,143,000 after purchasing an additional 320,547 shares during the period.

Alerian MLP ETF Trading Up 0.4%

Shares of AMLP stock opened at $47.00 on Friday. The stock has a market cap of $10.31 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The stock has a 50 day simple moving average of $46.68 and a 200 day simple moving average of $47.93.

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.