HFG Wealth Management LLC Sells 1,062 Shares of Alerian MLP ETF $AMLP

HFG Wealth Management LLC lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 32,422 shares of the exchange traded fund’s stock after selling 1,062 shares during the quarter. Alerian MLP ETF makes up approximately 1.0% of HFG Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. HFG Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMLP. Brighton Jones LLC raised its position in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after purchasing an additional 7,280 shares during the period. Royal Bank of Canada raised its position in shares of Alerian MLP ETF by 5.5% in the fourth quarter. Royal Bank of Canada now owns 1,813,608 shares of the exchange traded fund’s stock valued at $87,343,000 after purchasing an additional 94,164 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $369,000. Strategic Wealth Partners Ltd. bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $546,000. Finally, Texas Bank & Trust Co bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $202,000.

Alerian MLP ETF Stock Down 0.3%

NYSEARCA AMLP opened at $47.60 on Tuesday. The company’s 50 day moving average is $48.57 and its 200-day moving average is $48.93. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The firm has a market cap of $10.23 billion, a P/E ratio of 14.17 and a beta of 1.42.

About Alerian MLP ETF

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.