Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Cowa LLC

Cowa LLC trimmed its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,407 shares of the exchange traded fund’s stock after selling 2,454 shares during the period. Alerian MLP ETF comprises about 3.6% of Cowa LLC’s investment portfolio, making the stock its 6th biggest position. Cowa LLC owned about 0.08% of Alerian MLP ETF worth $6,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of Alerian MLP ETF by 8.9% in the second quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock valued at $101,943,000 after purchasing an additional 173,805 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Alerian MLP ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after buying an additional 272,696 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Alerian MLP ETF by 58.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after buying an additional 703,620 shares in the last quarter. Allen Investment Management LLC lifted its holdings in shares of Alerian MLP ETF by 16.8% during the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after acquiring an additional 188,980 shares during the period. Finally, TIAA Trust National Association boosted its position in shares of Alerian MLP ETF by 1.1% during the 1st quarter. TIAA Trust National Association now owns 980,836 shares of the exchange traded fund’s stock valued at $46,550,000 after acquiring an additional 10,517 shares in the last quarter.

Alerian MLP ETF Stock Down 0.3 %

NYSEARCA AMLP opened at $47.20 on Friday. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44. The stock has a market cap of $8.49 billion, a P/E ratio of 13.08 and a beta of 0.48. The company’s 50-day simple moving average is $47.18 and its 200 day simple moving average is $46.97.

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.