Riggs Asset Managment Co. Inc. Sells 79,878 Shares of Alerian MLP ETF $AMLP

Riggs Asset Managment Co. Inc. decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 65.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,720 shares of the exchange traded fund’s stock after selling 79,878 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in Alerian MLP ETF were worth $1,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. J2 Capital Management Inc grew its holdings in Alerian MLP ETF by 4.2% in the fourth quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 218 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Alerian MLP ETF by 1.1% during the 4th quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 220 shares during the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 221 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its position in shares of Alerian MLP ETF by 2.2% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock worth $510,000 after purchasing an additional 237 shares in the last quarter. Finally, Private Advisory Group LLC grew its stake in Alerian MLP ETF by 5.6% during the 3rd quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock worth $212,000 after buying an additional 239 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $52.16 on Friday. The stock’s fifty day moving average price is $52.23 and its 200 day moving average price is $49.22. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $54.20. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 14.17 and a beta of 0.56.

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).