Alerian MLP ETF $AMLP Holdings Cut by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,556 shares of the exchange traded fund’s stock after selling 223 shares during the period. Salem Investment Counselors Inc.’s holdings in Alerian MLP ETF were worth $4,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMLP. Headlands Technologies LLC acquired a new position in shares of Alerian MLP ETF during the 1st quarter worth $31,000. Golden State Wealth Management LLC bought a new stake in shares of Alerian MLP ETF during the 1st quarter worth $34,000. Copia Wealth Management bought a new stake in Alerian MLP ETF in the 1st quarter valued at $38,000. Garde Capital Inc. bought a new stake in Alerian MLP ETF in the 2nd quarter valued at $49,000. Finally, First Horizon Advisors Inc. boosted its holdings in Alerian MLP ETF by 40.3% in the 1st quarter. First Horizon Advisors Inc. now owns 1,045 shares of the exchange traded fund’s stock valued at $54,000 after purchasing an additional 300 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $47.76 on Friday. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. The firm has a fifty day moving average of $48.59 and a 200-day moving average of $48.97.

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.