Pekin Hardy Strauss Inc. Cuts Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Pekin Hardy Strauss Inc. trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,272 shares of the exchange traded fund’s stock after selling 690 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Alerian MLP ETF were worth $2,748,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Alerian MLP ETF during the 1st quarter valued at $27,000. Asset Dedication LLC boosted its stake 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 during the 4th quarter valued at $38,000. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF during the 2nd quarter valued at $49,000. Finally, Ridgewood Investments LLC purchased a new stake in Alerian MLP ETF during the 2nd quarter valued at $52,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $47.64 on Tuesday. The business’s fifty day moving average price is $47.21 and its 200-day moving average price is $46.96. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $40.03 and a 1-year high of $49.44.

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.