Axxcess Wealth Management LLC Has $1.64 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Axxcess Wealth Management LLC cut its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 27.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,073 shares of the exchange traded fund’s stock after selling 12,962 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,635,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wells Fargo & Company MN raised its stake in shares of Alerian MLP ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after purchasing an additional 619,287 shares in the last quarter. LPL Financial LLC lifted its stake in 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 acquiring an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Alerian MLP ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after acquiring an additional 272,696 shares during the last quarter. 1832 Asset Management L.P. grew its position 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 acquiring an additional 703,620 shares during the period. Finally, Allen Investment Management LLC increased its stake 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 purchasing an additional 188,980 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.35 on Thursday. Alerian MLP ETF has a 52-week low of $40.03 and a 52-week high of $49.44. The company has a market capitalization of $8.52 billion, a P/E ratio of 13.08 and a beta of 0.48. The company has a 50-day simple moving average of $47.20 and a 200 day simple moving average of $46.97.

About Alerian MLP ETF

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.