Prospera Financial Services Inc Sells 23,425 Shares of Alerian MLP ETF $AMLP

Prospera Financial Services Inc lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 6.9% during the third quarter, HoldingsChannel.com reports. The fund owned 318,285 shares of the exchange traded fund’s stock after selling 23,425 shares during the period. Prospera Financial Services Inc’s holdings in Alerian MLP ETF were worth $14,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in shares of Alerian MLP ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after buying an additional 54,835 shares during the period. Allen Investment Management LLC grew its position in Alerian MLP ETF by 9.1% in the third quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock valued at $164,317,000 after purchasing an additional 291,011 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after acquiring an additional 152,451 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Alerian MLP ETF by 19.2% in the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after buying an additional 262,817 shares in the last quarter. Finally, Naviter Wealth LLC grew its position in shares of Alerian MLP ETF by 17.5% in the 2nd quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after acquiring an additional 194,949 shares during the period.

Alerian MLP ETF Stock Up 0.5%

AMLP opened at $50.95 on Tuesday. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $52.93. The business has a 50 day moving average of $48.28 and a 200-day moving average of $47.74.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).