Wealthspire Advisors LLC Has $4.67 Million Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Wealthspire Advisors LLC lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,928 shares of the exchange traded fund’s stock after selling 41,230 shares during the period. Wealthspire Advisors LLC owned approximately 0.07% of Alerian MLP ETF worth $4,674,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMLP. Provence Wealth Management Group bought a new stake in Alerian MLP ETF during the third quarter worth about $31,000. McGlone Suttner Wealth Management Inc. bought a new stake in Alerian MLP ETF during the fourth quarter worth about $39,000. Friedenthal Financial bought a new stake in Alerian MLP ETF during the fourth quarter worth about $54,000. Signaturefd LLC bought a new stake in Alerian MLP ETF during the fourth quarter worth about $77,000. Finally, Headlands Technologies LLC bought a new stake in shares of Alerian MLP ETF during the third quarter valued at approximately $87,000.

Alerian MLP ETF Trading Up 0.7 %

Shares of AMLP traded up $0.31 during mid-day trading on Wednesday, hitting $47.90. 1,795,750 shares of the company traded hands, compared to its average volume of 1,280,432. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48. The business has a 50-day moving average of $46.98 and a 200 day moving average of $44.52. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.