L & S Advisors Inc Sells 4,164 Shares of Alerian MLP ETF $AMLP

L & S Advisors Inc lowered its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,919 shares of the exchange traded fund’s stock after selling 4,164 shares during the quarter. L & S Advisors Inc owned approximately 0.07% of Alerian MLP ETF worth $7,325,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMLP. Nova Wealth Management Inc. acquired a new stake in Alerian MLP ETF during the 2nd quarter valued at $28,000. Mid American Wealth Advisory Group Inc. acquired a new position in Alerian MLP ETF in the second quarter worth $29,000. Headlands Technologies LLC bought a new stake in shares of Alerian MLP ETF during the first quarter worth $31,000. Crews Bank & Trust acquired a new stake in shares of Alerian MLP ETF in the second quarter valued at $39,000. Finally, Independence Bank of Kentucky increased its stake in shares of Alerian MLP ETF by 517.5% in the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 828 shares in the last quarter.

Alerian MLP ETF Trading Up 0.1%

AMLP opened at $46.25 on Friday. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The stock has a market capitalization of $10.15 billion, a PE ratio of 14.17 and a beta of 0.70. The firm has a 50-day moving average price of $46.78 and a two-hundred day moving average price of $48.00.

Alerian MLP ETF Company 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.