Herbst Group LLC Decreases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Herbst Group LLC lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,884 shares of the exchange traded fund’s stock after selling 3,029 shares during the quarter. Alerian MLP ETF makes up approximately 3.0% of Herbst Group LLC’s portfolio, making the stock its 7th biggest position. Herbst Group LLC owned about 0.06% of Alerian MLP ETF worth $4,859,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after acquiring an additional 16,560 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF in the 3rd quarter valued at $65,000. Regency Capital Management Inc. DE boosted its position in shares of Alerian MLP ETF by 173.7% during the 3rd quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock valued at $4,627,000 after acquiring an additional 62,304 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Alerian MLP ETF by 47.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 20,362 shares of the exchange traded fund’s stock valued at $977,000 after purchasing an additional 6,514 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new position in shares of Alerian MLP ETF during the second quarter valued at approximately $236,000.

Alerian MLP ETF Stock Up 0.4 %

NYSEARCA:AMLP opened at $51.71 on Friday. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm has a 50 day moving average of $49.01 and a 200 day moving average of $47.88. Alerian MLP ETF has a 52 week low of $42.25 and a 52 week high of $51.75.

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.