Essex Financial Services Inc. Trims Holdings in Alerian MLP ETF $AMLP

Essex Financial Services Inc. trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,138 shares of the exchange traded fund’s stock after selling 16,971 shares during the quarter. Essex Financial Services Inc.’s holdings in Alerian MLP ETF were worth $2,169,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Alerian MLP ETF by 0.7% in the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after purchasing an additional 54,835 shares during the last quarter. Allen Investment Management LLC raised its stake in shares of Alerian MLP ETF by 9.1% in the third quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after purchasing an additional 291,011 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after acquiring an additional 152,451 shares during the period. Ameriprise Financial Inc. grew its holdings in Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after acquiring an additional 262,817 shares during the period. Finally, US Bancorp DE grew its holdings in Alerian MLP ETF by 17.7% during the fourth quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock worth $66,275,000 after acquiring an additional 211,540 shares during the period.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $51.60 on Monday. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The business’s 50-day moving average price is $52.90 and its 200 day moving average price is $50.46.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).