Prime Capital Investment Advisors LLC Sells 242,833 Shares of Alerian MLP ETF $AMLP

Prime Capital Investment Advisors LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 51.5% in the 2nd quarter, Holdings Channel reports. The fund owned 228,688 shares of the exchange traded fund’s stock after selling 242,833 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Alerian MLP ETF were worth $11,174,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allen Investment Management LLC boosted its holdings in shares of Alerian MLP ETF by 31.7% in the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after purchasing an additional 740,605 shares in the last quarter. Aurora Private Wealth Inc. boosted its stake in Alerian MLP ETF by 1,737.3% in the first quarter. Aurora Private Wealth Inc. now owns 520,327 shares of the exchange traded fund’s stock worth $27,026,000 after buying an additional 492,007 shares in the last quarter. LPL Financial LLC grew its position in Alerian MLP ETF by 15.6% during the first quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after acquiring an additional 437,947 shares during the last quarter. Raymond James Financial Inc. grew its position in Alerian MLP ETF by 18.6% during the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after acquiring an additional 401,133 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Alerian MLP ETF during the first quarter worth approximately $15,492,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $46.64 on Monday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. The firm has a 50 day moving average price of $48.11 and a 200-day moving average price of $48.54.

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.