Merriman Wealth Management LLC Sells 202,400 Shares of Alerian MLP ETF (AMLP)
Merriman Wealth Management LLC lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 78.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,562 shares of the exchange traded fund’s stock after selling 202,400 shares during the period. Merriman Wealth Management LLC’s holdings in Alerian MLP ETF were worth $593,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of AMLP. GWM Advisors LLC acquired a new position in Alerian MLP ETF during the 3rd quarter worth approximately $112,000. JNBA Financial Advisors acquired a new position in Alerian MLP ETF during the 3rd quarter worth approximately $113,000. Sadoff Investment Management LLC acquired a new position in Alerian MLP ETF during the 2nd quarter worth approximately $108,000. Avestar Capital LLC acquired a new position in Alerian MLP ETF during the 2nd quarter worth approximately $110,000. Finally, Bridges Investment Management Inc. acquired a new position in Alerian MLP ETF during the 2nd quarter worth approximately $114,000.
NYSEARCA AMLP opened at $9.93 on Friday. Alerian MLP ETF has a 12-month low of $9.01 and a 12-month high of $11.89.
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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Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP ETF (NYSEARCA:AMLP).
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