Patriot Financial Group Insurance Agency LLC Decreases Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Patriot Financial Group Insurance Agency LLC lessened its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,800 shares of the exchange traded fund’s stock after selling 3,269 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Alerian MLP ETF were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Alerian MLP ETF by 2.0% during the second quarter. Thrivent Financial for Lutherans now owns 26,856 shares of the exchange traded fund’s stock worth $1,289,000 after buying an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Alerian MLP ETF by 18.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 27,216 shares of the exchange traded fund’s stock valued at $1,306,000 after acquiring an additional 4,190 shares during the last quarter. HFG Wealth Management LLC grew its holdings in shares of Alerian MLP ETF by 4.9% in the second quarter. HFG Wealth Management LLC now owns 31,031 shares of the exchange traded fund’s stock valued at $1,489,000 after purchasing an additional 1,450 shares during the period. Regency Capital Management Inc. DE acquired a new stake in Alerian MLP ETF during the second quarter worth about $1,721,000. Finally, Truist Financial Corp raised its stake in Alerian MLP ETF by 14.1% during the second quarter. Truist Financial Corp now owns 118,304 shares of the exchange traded fund’s stock worth $5,676,000 after purchasing an additional 14,603 shares during the period.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $51.76 on Wednesday. The firm has a 50 day moving average price of $49.57 and a 200 day moving average price of $48.05. Alerian MLP ETF has a fifty-two week low of $43.02 and a fifty-two week high of $52.82. The company has a market capitalization of $9.31 billion, a PE ratio of 13.08 and a beta of 0.48.

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.