Riggs Asset Managment Co. Inc. Decreases Stake in Alerian MLP ETF $AMLP

Riggs Asset Managment Co. Inc. cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 65.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,720 shares of the exchange traded fund’s stock after selling 79,878 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in Alerian MLP ETF were worth $1,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Oxbow Advisors LLC lifted its stake in shares of Alerian MLP ETF by 11.5% during the third quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock worth $9,497,000 after buying an additional 20,800 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Alerian MLP ETF during the third quarter valued at $735,000. Algorithmic Investment Models LLC increased its position in shares of Alerian MLP ETF by 21.4% in the 3rd quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock valued at $5,066,000 after acquiring an additional 19,039 shares during the period. Ball & Co Wealth Management Inc. increased its position in shares of Alerian MLP ETF by 6.8% in the 3rd quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock valued at $10,175,000 after acquiring an additional 13,843 shares during the period. Finally, Investment House LLC purchased a new position in Alerian MLP ETF in the 3rd quarter worth $735,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $52.16 on Friday. The stock has a 50-day moving average of $52.23 and a two-hundred day moving average of $49.22. Alerian MLP ETF has a one year low of $44.64 and a one year high of $54.20. The stock has a market cap of $12.15 billion, a P/E ratio of 14.17 and a beta of 0.56.

Alerian MLP ETF 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. 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).