Apollon Wealth Management LLC Sells 11,596 Shares of Alerian MLP ETF $AMLP

Apollon Wealth Management LLC lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 22.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,994 shares of the exchange traded fund’s stock after selling 11,596 shares during the period. Apollon Wealth Management LLC’s holdings in Alerian MLP ETF were worth $2,053,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMLP. Flagship Harbor Advisors LLC bought a new position in shares of Alerian MLP ETF in the fourth quarter worth $43,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $57,000. Palladiem LLC purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $60,000. Finally, BROOKFIELD Corp ON bought a new stake in shares of Alerian MLP ETF during the second quarter valued at about $65,000.

Alerian MLP ETF Trading Down 0.4%

Shares of Alerian MLP ETF stock opened at $51.62 on Thursday. The company’s 50-day moving average price is $52.56 and its 200-day moving average price is $51.19. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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. 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).