Prime Capital Investment Advisors LLC Trims Stock Holdings in Alerian MLP ETF $AMLP

Prime Capital Investment Advisors LLC reduced its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 51.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,688 shares of the exchange traded fund’s stock after selling 242,833 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.11% of Alerian MLP ETF worth $11,174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew 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 in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Alerian MLP ETF in the first quarter worth about $638,000. SeaCrest Wealth Management LLC boosted its position in shares of Alerian MLP ETF by 24.9% in the first quarter. SeaCrest Wealth Management LLC now owns 10,420 shares of the exchange traded fund’s stock valued at $541,000 after acquiring an additional 2,078 shares during the period. FFG Retirement Advisors LLC grew its stake in Alerian MLP ETF by 18.4% during the first quarter. FFG Retirement Advisors LLC now owns 56,098 shares of the exchange traded fund’s stock valued at $2,914,000 after acquiring an additional 8,703 shares in the last quarter. Finally, RDA Financial Network increased its holdings in Alerian MLP ETF by 9.4% during the 1st quarter. RDA Financial Network now owns 5,812 shares of the exchange traded fund’s stock worth $302,000 after acquiring an additional 500 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $46.64 on Monday. The company’s 50 day simple moving average is $48.11 and its two-hundred day simple moving average is $48.54. 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 $10.22 billion, a PE 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.