First PREMIER Bank Lowers Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

First PREMIER Bank lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,222 shares of the exchange traded fund’s stock after selling 340 shares during the period. First PREMIER Bank’s holdings in Alerian MLP ETF were worth $1,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Main Street Financial Solutions LLC raised its holdings in shares of Alerian MLP ETF by 2.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 47,714 shares of the exchange traded fund’s stock valued at $2,029,000 after purchasing an additional 1,353 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Alerian MLP ETF during the fourth quarter worth about $51,416,000. Retirement Planning Group LLC increased its holdings in Alerian MLP ETF by 24.3% during the second quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock worth $365,000 after buying an additional 1,489 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Alerian MLP ETF by 1.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 56,522 shares of the exchange traded fund’s stock worth $2,403,000 after buying an additional 824 shares during the last quarter. Finally, Mckinley Capital Management LLC increased its holdings in Alerian MLP ETF by 3.0% during the fourth quarter. Mckinley Capital Management LLC now owns 158,700 shares of the exchange traded fund’s stock worth $6,748,000 after buying an additional 4,631 shares during the last quarter.

Alerian MLP ETF Stock Up 1.2 %

NYSEARCA AMLP traded up $0.54 during trading hours on Thursday, reaching $46.12. 1,874,859 shares of the company were exchanged, compared to its average volume of 1,296,600. Alerian MLP ETF has a 1 year low of $40.03 and a 1 year high of $49.44. The business’s 50 day simple moving average is $47.38 and its 200-day simple moving average is $46.61. The stock has a market capitalization of $8.30 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.