Opal Wealth Advisors LLC Sells 436 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Opal Wealth Advisors LLC lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,731 shares of the exchange traded fund’s stock after selling 436 shares during the period. Opal Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMLP. Hilton Capital Management LLC acquired a new position in shares of Alerian MLP ETF during the 3rd quarter worth $31,562,000. EP Wealth Advisors LLC increased its position in Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after buying an additional 506,582 shares during the last quarter. School Employees Retirement Board of Ohio acquired a new position in Alerian MLP ETF during the third quarter worth $14,643,000. LPL Financial LLC raised its holdings in Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares in the last quarter. Finally, Crescent Grove Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $12,868,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $52.18 on Monday. The business’s 50-day simple moving average is $49.98 and its 200-day simple moving average is $48.25. Alerian MLP ETF has a 52 week low of $43.02 and a 52 week high of $53.24. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.