RFG Advisory LLC Cuts Position in Alerian MLP ETF (NYSEARCA:AMLP)

RFG Advisory LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,387 shares of the exchange traded fund’s stock after selling 680 shares during the period. RFG Advisory LLC’s holdings in Alerian MLP ETF were worth $445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in Alerian MLP ETF by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after acquiring an additional 619,287 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Alerian MLP ETF by 6.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,415,927 shares of the exchange traded fund’s stock worth $60,205,000 after acquiring an additional 87,714 shares in the last quarter. Raymond James & Associates grew its position in Alerian MLP ETF by 5.1% in the fourth quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after acquiring an additional 63,053 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in Alerian MLP ETF in the fourth quarter worth $51,416,000. Finally, Ameriprise Financial Inc. grew its position in Alerian MLP ETF by 58.4% in the third quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock worth $43,522,000 after acquiring an additional 380,025 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.53 on Tuesday. The firm has a market capitalization of $8.55 billion, a PE ratio of 13.08 and a beta of 0.48. The firm has a fifty day moving average of $46.47 and a 200 day moving average of $45.34. Alerian MLP ETF has a 52-week low of $37.95 and a 52-week high of $48.48.

Alerian MLP ETF 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.