Brookstone Capital Management Cuts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Brookstone Capital Management trimmed its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,469 shares of the exchange traded fund’s stock after selling 493 shares during the period. Brookstone Capital Management’s holdings in Alerian MLP ETF were worth $1,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Sunbelt Securities Inc. boosted its position in shares of Alerian MLP ETF by 96.8% during the first quarter. Sunbelt Securities Inc. now owns 15,101 shares of the exchange traded fund’s stock worth $717,000 after acquiring an additional 7,427 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 36.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 10,104 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,714 shares during the last quarter. Global Trust Asset Management LLC grew its position in shares of Alerian MLP ETF by 209.8% during the first quarter. Global Trust Asset Management LLC now owns 6,350 shares of the exchange traded fund’s stock valued at $301,000 after purchasing an additional 4,300 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in shares of Alerian MLP ETF by 5.9% in the first quarter. Opal Wealth Advisors LLC now owns 8,860 shares of the exchange traded fund’s stock worth $420,000 after purchasing an additional 494 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of Alerian MLP ETF by 48.9% in the first quarter. Salem Investment Counselors Inc. now owns 60,999 shares of the exchange traded fund’s stock worth $2,895,000 after buying an additional 20,023 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $47.91 on Friday. Alerian MLP ETF has a 1-year low of $38.81 and a 1-year high of $48.48. The business has a 50 day simple moving average of $46.59 and a two-hundred day simple moving average of $45.45. The stock has a market capitalization of $8.62 billion, a PE ratio of 13.08 and a beta of 0.48.

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.