Granite Group Advisors LLC Sells 1,636 Shares of Alerian MLP ETF $AMLP

Granite Group Advisors LLC lessened its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,093 shares of the exchange traded fund’s stock after selling 1,636 shares during the quarter. Alerian MLP ETF comprises about 0.8% of Granite Group Advisors LLC’s portfolio, making the stock its 25th largest holding. Granite Group Advisors LLC’s holdings in Alerian MLP ETF were worth $1,275,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC lifted its position in Alerian MLP ETF by 15.6% during the first quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after acquiring an additional 437,947 shares during the last quarter. Allen Investment Management LLC grew its position in shares of Alerian MLP ETF by 31.7% in the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after purchasing an additional 740,605 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Alerian MLP ETF by 18.6% during the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock worth $133,140,000 after purchasing an additional 401,133 shares during the period. Naviter Wealth LLC increased its stake in shares of Alerian MLP ETF by 17.5% during the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock worth $64,065,000 after purchasing an additional 194,949 shares during the period. Finally, US Bancorp DE lifted its holdings in Alerian MLP ETF by 34.4% during the 2nd quarter. US Bancorp DE now owns 760,011 shares of the exchange traded fund’s stock worth $37,134,000 after purchasing an additional 194,330 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP opened at $45.31 on Wednesday. The business has a fifty day simple moving average of $47.57 and a 200 day simple moving average of $48.26. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The company has a market capitalization of $9.92 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.