Pekin Hardy Strauss Inc. Reduces Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Pekin Hardy Strauss Inc. lessened its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,687 shares of the exchange traded fund’s stock after selling 1,300 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Alerian MLP ETF were worth $2,453,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Provence Wealth Management Group purchased a new position in shares of Alerian MLP ETF in the third quarter worth approximately $31,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Alerian MLP ETF during the 4th quarter worth $39,000. Friedenthal Financial bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at $54,000. Signaturefd LLC purchased a new stake in shares of Alerian MLP ETF in the 4th quarter worth $77,000. Finally, Global Trust Asset Management LLC increased its stake in shares of Alerian MLP ETF by 32.3% in the 4th quarter. Global Trust Asset Management LLC now owns 2,050 shares of the exchange traded fund’s stock worth $87,000 after purchasing an additional 500 shares in the last quarter.

Alerian MLP ETF Trading Down 1.6 %

NYSEARCA AMLP traded down $0.78 on Tuesday, hitting $46.89. 1,428,054 shares of the company traded hands, compared to its average volume of 1,256,921. The business’s 50 day moving average price is $46.77 and its 200-day moving average price is $44.31. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 12.87 and a beta of 0.51. Alerian MLP ETF has a 52-week low of $37.06 and a 52-week high of $48.48.

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.