HighTower Advisors LLC Has $38.92 Million Stock Position in Alerian MLP ETF $AMLP

HighTower Advisors LLC reduced its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 4.3% during the 2nd quarter, Holdings Channel reports. The firm owned 750,619 shares of the exchange traded fund’s stock after selling 33,565 shares during the period. HighTower Advisors LLC’s holdings in Alerian MLP ETF were worth $38,920,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Hollencrest Capital Management bought a new position in Alerian MLP ETF during the second quarter worth about $35,000. Global Trust Asset Management LLC increased its stake in shares of Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 600 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at approximately $57,000. Palladiem LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at approximately $60,000. Finally, BROOKFIELD Corp ON acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at approximately $65,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $55.97 on Wednesday. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 14.17 and a beta of 0.51. The company’s 50 day simple moving average is $54.48 and its 200 day simple moving average is $53.18. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $56.23.

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).