Wakefield Asset Management LLLP Sells 502 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wakefield Asset Management LLLP decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,880 shares of the exchange traded fund’s stock after selling 502 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Alerian MLP ETF were worth $1,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Alerian MLP ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after purchasing an additional 619,287 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Alerian MLP ETF by 58.2% during the first quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after acquiring an additional 703,620 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Alerian MLP ETF by 6.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,415,927 shares of the exchange traded fund’s stock worth $60,205,000 after purchasing an additional 87,714 shares during the period. TIAA Trust National Association lifted its holdings in shares of Alerian MLP ETF by 1.1% in the 1st quarter. TIAA Trust National Association now owns 980,836 shares of the exchange traded fund’s stock worth $46,550,000 after purchasing an additional 10,517 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Alerian MLP ETF by 7.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 970,811 shares of the exchange traded fund’s stock worth $46,580,000 after purchasing an additional 69,671 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA AMLP opened at $46.30 on Friday. The company has a 50-day moving average price of $47.38 and a 200-day moving average price of $46.89. The stock has a market capitalization of $8.33 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $40.03 and a 1 year high of $49.44.

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.