Alerian MLP (AMLP) Shares Sold by Sandy Spring Bank
Sandy Spring Bank lowered its holdings in shares of Alerian MLP (NYSE:AMLP) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,205 shares of the exchange traded fund’s stock after selling 1,430 shares during the quarter. Sandy Spring Bank’s holdings in Alerian MLP were worth $2,024,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Alerian MLP by 13.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,672,433 shares of the exchange traded fund’s stock valued at $55,605,000 after buying an additional 541,285 shares during the last quarter. ST Germain D J Co. Inc. raised its position in Alerian MLP by 149.6% in the 2nd quarter. ST Germain D J Co. Inc. now owns 2,789,343 shares of the exchange traded fund’s stock valued at $33,361,000 after buying an additional 1,672,023 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Alerian MLP by 7.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,721,221 shares of the exchange traded fund’s stock valued at $20,586,000 after buying an additional 113,175 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Alerian MLP in the 2nd quarter valued at approximately $13,802,000. Finally, IFP Advisors Inc raised its position in Alerian MLP by 5.8% in the 2nd quarter. IFP Advisors Inc now owns 963,170 shares of the exchange traded fund’s stock valued at $11,520,000 after buying an additional 52,908 shares during the last quarter.
Shares of Alerian MLP (AMLP) traded down 0.79% during midday trading on Friday, reaching $11.27. The company had a trading volume of 7,537,131 shares. The stock’s 50 day moving average is $11.22 and its 200-day moving average is $12.01. Alerian MLP has a 12-month low of $10.51 and a 12-month high of $13.31.
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Alerian MLP 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.
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