WMG Financial Advisors LLC Decreases Stock Holdings in Alerian MLP ETF $AMLP

WMG Financial Advisors LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 61.8% during the 1st quarter, HoldingsChannel reports. The firm owned 17,767 shares of the exchange traded fund’s stock after selling 28,734 shares during the quarter. WMG Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMLP. Brighton Jones LLC lifted its position in Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares in the last quarter. Qube Research & Technologies Ltd grew its position in Alerian MLP ETF by 16.4% in the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock valued at $6,898,000 after acquiring an additional 19,916 shares in the last quarter. Sei Investments Co. acquired a new stake in Alerian MLP ETF during the 2nd quarter valued at $623,000. Diversify Advisory Services LLC acquired a new stake in shares of Alerian MLP ETF during the second quarter valued at about $224,000. Finally, Quantinno Capital Management LP grew its stake in shares of Alerian MLP ETF by 63.3% during the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock valued at $2,481,000 after acquiring an additional 19,678 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $51.71 on Tuesday. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.22. The stock’s 50-day simple moving average is $52.54 and its 200-day simple moving average is $51.13. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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. 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).