Madison Park Capital Advisors LLC Sells 58,808 Shares of Alerian MLP ETF $AMLP

Madison Park Capital Advisors LLC trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 43.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,705 shares of the exchange traded fund’s stock after selling 58,808 shares during the period. Alerian MLP ETF makes up 3.0% of Madison Park Capital Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Madison Park Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $3,647,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC increased its position in shares of Alerian MLP ETF by 7.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 38,622 shares of the exchange traded fund’s stock worth $1,887,000 after acquiring an additional 2,775 shares in the last quarter. Americana Partners LLC boosted its stake in Alerian MLP ETF by 68.8% during the 2nd quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock valued at $1,063,000 after purchasing an additional 8,871 shares during the last quarter. Oxbow Advisors LLC increased its holdings in Alerian MLP ETF by 11.5% during the 3rd quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock worth $9,497,000 after purchasing an additional 20,800 shares in the last quarter. Ball & Co Wealth Management Inc. raised its stake in shares of Alerian MLP ETF by 6.8% in the third quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock worth $10,175,000 after purchasing an additional 13,843 shares during the last quarter. Finally, Investment House LLC bought a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $735,000.

Alerian MLP ETF Stock Down 0.6%

Shares of NYSEARCA:AMLP opened at $50.03 on Friday. The business’s 50 day moving average is $47.91 and its 200 day moving average is $47.68. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).