PFG Investments LLC Has $789,000 Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

PFG Investments LLC lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,374 shares of the exchange traded fund’s stock after selling 1,573 shares during the quarter. PFG Investments LLC’s holdings in Alerian MLP ETF were worth $789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Alerian MLP ETF in the third quarter valued at about $28,000. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF in the third quarter valued at about $40,000. City State Bank bought a new position in Alerian MLP ETF in the fourth quarter valued at about $40,000. ORG Wealth Partners LLC bought a new position in Alerian MLP ETF in the third quarter valued at about $41,000. Finally, Advisors Asset Management Inc. bought a new position in Alerian MLP ETF in the third quarter valued at about $65,000.

Alerian MLP ETF Stock Up 1.3 %

Alerian MLP ETF stock opened at $51.76 on Wednesday. Alerian MLP ETF has a 12-month low of $43.02 and a 12-month high of $52.82. The business’s 50-day moving average price is $49.57 and its two-hundred day moving average price is $48.05. The stock has a market cap of $9.31 billion, a PE 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.