Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,021,142 shares of the exchange traded fund’s stock after selling 5,901 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.57% of Alerian MLP ETF worth $48,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aurora Private Wealth Inc. boosted its position in shares of Alerian MLP ETF by 0.7% during the second quarter. Aurora Private Wealth Inc. now owns 29,265 shares of the exchange traded fund’s stock worth $1,404,000 after buying an additional 208 shares during the period. Cypress Wealth Services LLC raised its stake in Alerian MLP ETF by 3.7% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock valued at $284,000 after acquiring an additional 217 shares in the last quarter. Retirement Planning Group LLC boosted its position in Alerian MLP ETF by 2.9% during the 3rd quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 218 shares during the period. Opal Wealth Advisors LLC grew its stake in shares of Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock worth $432,000 after purchasing an additional 242 shares in the last quarter. Finally, Mach 1 Financial Group LLC grew its stake in shares of Alerian MLP ETF by 2.4% in the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 244 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $47.81 on Friday. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.44. The stock has a market capitalization of $8.60 billion, a PE ratio of 13.08 and a beta of 0.48. The firm has a 50 day simple moving average of $47.25 and a 200-day simple moving average of $47.06.

About Alerian MLP ETF

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.