Alerian MLP ETF $AMLP Shares Sold by Assetmark Inc.

Assetmark Inc. lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 99.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,300 shares of the exchange traded fund’s stock after selling 682,135 shares during the period. Assetmark Inc.’s holdings in Alerian MLP ETF were worth $279,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after purchasing an additional 7,280 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Alerian MLP ETF by 16.4% during the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock worth $6,898,000 after buying an additional 19,916 shares in the last quarter. Sei Investments Co. purchased a new position in Alerian MLP ETF during the second quarter worth approximately $623,000. Diversify Advisory Services LLC acquired a new position in Alerian MLP ETF during the second quarter worth $224,000. Finally, Quantinno Capital Management LP boosted its stake in Alerian MLP ETF by 63.3% during the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after buying an additional 19,678 shares during the last quarter.

Alerian MLP ETF Stock Down 1.4%

Shares of NYSEARCA:AMLP opened at $54.23 on Tuesday. The business has a fifty day moving average of $52.74 and a two-hundred day moving average of $52.01. The stock has a market cap of $12.74 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.62.

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. 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).