Alerian MLP ETF $AMLP Shares Sold by Argent Advisors Inc.

Argent Advisors Inc. lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 72.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,952 shares of the exchange traded fund’s stock after selling 10,150 shares during the quarter. Argent Advisors Inc.’s holdings in Alerian MLP ETF were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMLP. Bank of America Corp DE raised its stake in Alerian MLP ETF by 0.7% in the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after buying an additional 54,835 shares during the last quarter. Allen Investment Management LLC increased its holdings in shares of Alerian MLP ETF by 7.1% during the fourth quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock valued at $176,376,000 after acquiring an additional 249,766 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after acquiring an additional 152,451 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Alerian MLP ETF by 19.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after purchasing an additional 262,817 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Alerian MLP ETF by 17.7% in the 4th quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock valued at $66,275,000 after purchasing an additional 211,540 shares during the last quarter.

Alerian MLP ETF Stock Down 0.4%

AMLP stock opened at $51.62 on Thursday. The stock has a market capitalization of $12.12 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The firm has a 50 day moving average of $52.56 and a 200 day moving average of $51.19.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).