Steel Grove Capital Advisors LLC Sells 328 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Steel Grove Capital Advisors LLC decreased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,371 shares of the exchange traded fund’s stock after selling 328 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF during the first quarter valued at $27,000. Asset Dedication LLC grew its holdings in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Alerian MLP ETF in the 4th quarter worth about $38,000. Ridgewood Investments LLC bought a new stake in Alerian MLP ETF in the second quarter worth about $52,000. Finally, Optimum Investment Advisors boosted its position in shares of Alerian MLP ETF by 40.0% during the second quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 400 shares during the period.

Alerian MLP ETF Stock Performance

AMLP opened at $47.17 on Monday. Alerian MLP ETF has a one year low of $40.03 and a one year high of $49.44. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock’s 50 day moving average price is $47.13 and its 200-day moving average price is $46.99.

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.