Argent Advisors Inc. Sells 10,150 Shares of Alerian MLP ETF $AMLP

Argent Advisors Inc. cut its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 72.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,952 shares of the exchange traded fund’s stock after selling 10,150 shares during the quarter. Argent Advisors Inc.’s holdings in Alerian MLP ETF were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mayfair Advisory Group LLC raised its holdings in shares of Alerian MLP ETF by 3.4% in the 1st quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock valued at $320,000 after purchasing an additional 200 shares in the last quarter. J2 Capital Management Inc lifted its holdings in Alerian MLP ETF by 4.2% during the fourth quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock worth $251,000 after buying an additional 218 shares during the period. CWA Asset Management Group LLC lifted its holdings in Alerian MLP ETF by 1.1% during the fourth quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock worth $914,000 after buying an additional 220 shares during the period. Shepherd Kaplan Krochuk LLC boosted its position in Alerian MLP ETF by 2.2% during the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock valued at $510,000 after acquiring an additional 237 shares in the last quarter. Finally, Bogart Wealth LLC boosted its position in Alerian MLP ETF by 4.4% during the 4th quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock valued at $269,000 after acquiring an additional 242 shares in the last quarter.

Alerian MLP ETF Trading Down 0.4%

Shares of NYSEARCA:AMLP opened at $51.62 on Thursday. The company has a market capitalization of $12.12 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The business’s fifty day simple moving average is $52.56 and its 200-day simple moving average is $51.19.

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).