Granite Group Advisors LLC Sells 1,636 Shares of Alerian MLP ETF $AMLP

Granite Group Advisors LLC lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,093 shares of the exchange traded fund’s stock after selling 1,636 shares during the period. Alerian MLP ETF comprises 0.8% of Granite Group Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Granite Group Advisors LLC’s holdings in Alerian MLP ETF were worth $1,275,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMLP. Nova Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF in the second quarter worth approximately $28,000. Headlands Technologies LLC bought a new stake in Alerian MLP ETF during the first quarter worth $31,000. Golden State Wealth Management LLC purchased a new stake in Alerian MLP ETF in the 1st quarter valued at $34,000. Copia Wealth Management bought a new position in Alerian MLP ETF during the 1st quarter valued at $38,000. Finally, Crews Bank & Trust bought a new position in Alerian MLP ETF during the 2nd quarter valued at $39,000.

Alerian MLP ETF Price Performance

AMLP opened at $45.31 on Wednesday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. The firm’s fifty day moving average price is $47.57 and its two-hundred day moving average price is $48.26.

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.