HCR Wealth Advisors Sells 239 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

HCR Wealth Advisors cut its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 31,631 shares of the exchange traded fund’s stock after selling 239 shares during the quarter. HCR Wealth Advisors’ holdings in Alerian MLP ETF were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its holdings in shares of Alerian MLP ETF by 40.8% during the 4th quarter. Pinnacle Bancorp Inc. now owns 3,986 shares of the exchange traded fund’s stock worth $192,000 after acquiring an additional 1,155 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in Alerian MLP ETF by 65.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 12,804 shares of the exchange traded fund’s stock worth $617,000 after purchasing an additional 5,052 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Alerian MLP ETF by 53.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 600 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Alerian MLP ETF by 38.8% in the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after purchasing an additional 9,088 shares during the period. Finally, SeaCrest Wealth Management LLC raised its position in shares of Alerian MLP ETF by 44.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,342 shares of the exchange traded fund’s stock valued at $402,000 after purchasing an additional 2,558 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $50.79 on Thursday. Alerian MLP ETF has a 52 week low of $42.25 and a 52 week high of $51.47. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company has a 50-day simple moving average of $48.83 and a 200 day simple moving average of $47.81.

Alerian MLP ETF 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.