Forte Asset Management LLC Has $2.93 Million Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Forte Asset Management LLC cut its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,118 shares of the exchange traded fund’s stock after selling 7,233 shares during the quarter. Alerian MLP ETF comprises 1.6% of Forte Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Forte Asset Management LLC’s holdings in Alerian MLP ETF were worth $2,928,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Aurora Private Wealth Inc. lifted its holdings in shares of Alerian MLP ETF by 0.7% during the second quarter. Aurora Private Wealth Inc. now owns 29,265 shares of the exchange traded fund’s stock worth $1,404,000 after buying an additional 208 shares during the last quarter. Cypress Wealth Services LLC increased its position in shares of Alerian MLP ETF by 3.7% during the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock valued at $284,000 after purchasing an additional 217 shares during the period. Retirement Planning Group LLC increased its position in shares of Alerian MLP ETF by 2.9% during the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock valued at $369,000 after purchasing an additional 218 shares during the period. Opal Wealth Advisors LLC increased its position in shares of Alerian MLP ETF by 2.7% during the third quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after purchasing an additional 242 shares during the period. Finally, RDA Financial Network increased its position in shares of Alerian MLP ETF by 4.6% during the second quarter. RDA Financial Network now owns 5,677 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 250 shares during the period.

Alerian MLP ETF Trading Down 0.4 %

AMLP opened at $46.53 on Friday. The stock has a market cap of $8.37 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The stock’s 50 day simple moving average is $47.06 and its 200-day simple moving average is $47.00.

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.