Sculati Wealth Management LLC Reduces Stake in Alerian MLP ETF $AMLP

Sculati Wealth Management LLC lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,946 shares of the exchange traded fund’s stock after selling 2,010 shares during the period. Sculati Wealth Management LLC’s holdings in Alerian MLP ETF were worth $2,734,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at about $28,000. Mid American Wealth Advisory Group Inc. bought a new stake in Alerian MLP ETF during the second quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new stake in Alerian MLP ETF during the first quarter valued at approximately $31,000. Crews Bank & Trust bought a new position in Alerian MLP ETF in the second quarter worth approximately $39,000. Finally, Independence Bank of Kentucky raised its position in 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 worth $48,000 after acquiring an additional 828 shares during the period.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $46.95 on Friday. The company has a market cap of $10.30 billion, a price-to-earnings 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 firm has a fifty day moving average price of $46.77 and a 200-day moving average price of $47.98.

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.