Summit Financial Wealth Advisors LLC Reduces Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Summit Financial Wealth Advisors LLC reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 19.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,503 shares of the exchange traded fund’s stock after selling 18,038 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $754,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. North Star Investment Management Corp. increased its position in Alerian MLP ETF by 68.0% during the first quarter. North Star Investment Management Corp. now owns 4,200 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 1,700 shares in the last quarter. Legacy Advisors LLC purchased a new position in Alerian MLP ETF during the first quarter worth $44,000. TCG Advisors LP purchased a new position in Alerian MLP ETF during the first quarter worth $49,000. Financial Gravity Wealth Inc. purchased a new position in Alerian MLP ETF during the first quarter worth $75,000. Finally, Weaver Consulting Group purchased a new position in Alerian MLP ETF during the first quarter worth $73,000.

Alerian MLP ETF stock traded down $0.08 during mid-day trading on Thursday, hitting $9.76. 6,774,578 shares of the company were exchanged, compared to its average volume of 15,261,706. The firm has a 50 day moving average price of $9.92. Alerian MLP ETF has a 12-month low of $8.27 and a 12-month high of $11.41.

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.

Further Reading: Certificate of Deposit (CD)

Institutional Ownership by Quarter for Alerian MLP ETF (NYSEARCA:AMLP)

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