Ballew Advisors Inc Sells 580 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Ballew Advisors Inc lessened its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,467 shares of the exchange traded fund’s stock after selling 580 shares during the period. Ballew Advisors Inc’s holdings in Alerian MLP ETF were worth $519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC grew its stake in shares of Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after acquiring an additional 275,254 shares during the period. Raymond James & Associates boosted its position in shares of Alerian MLP ETF by 2.4% in the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares during the period. Stephens Inc. AR increased its stake in shares of Alerian MLP ETF by 2.8% in the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after purchasing an additional 26,882 shares in the last quarter. Naviter Wealth LLC raised its position in shares of Alerian MLP ETF by 14.2% during the 3rd quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after purchasing an additional 108,804 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Alerian MLP ETF by 10.7% during the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $51.71 on Friday. The stock has a fifty day simple moving average of $49.01 and a two-hundred day simple moving average of $47.88. The firm has a market capitalization of $9.30 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52-week low of $42.25 and a 52-week high of $51.75.

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.