Wellington Shields Capital Management LLC Sells 1,898 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wellington Shields Capital Management LLC reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 29.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,525 shares of the exchange traded fund’s stock after selling 1,898 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Alerian MLP ETF were worth $215,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Alerian MLP ETF by 1.4% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 17,592 shares of the exchange traded fund’s stock valued at $748,000 after buying an additional 244 shares in the last quarter. Beacon Pointe Advisors LLC grew its position in Alerian MLP ETF by 0.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 38,930 shares of the exchange traded fund’s stock valued at $1,655,000 after purchasing an additional 262 shares during the last quarter. Walker Asset Management LLC grew its position in Alerian MLP ETF by 2.1% during the 4th quarter. Walker Asset Management LLC now owns 13,212 shares of the exchange traded fund’s stock valued at $562,000 after purchasing an additional 272 shares during the last quarter. Oak Family Advisors LLC grew its position in Alerian MLP ETF by 1.5% during the 4th quarter. Oak Family Advisors LLC now owns 18,590 shares of the exchange traded fund’s stock valued at $790,000 after purchasing an additional 272 shares during the last quarter. Finally, TRUE Private Wealth Advisors grew its position in Alerian MLP ETF by 3.5% during the 4th quarter. TRUE Private Wealth Advisors now owns 8,292 shares of the exchange traded fund’s stock valued at $353,000 after purchasing an additional 283 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP stock traded down $0.13 during trading on Wednesday, hitting $48.20. 296,327 shares of the stock traded hands, compared to its average volume of 1,228,193. The firm’s 50 day moving average is $46.73 and its two-hundred day moving average is $45.80. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $39.84 and a 1 year high of $48.76.

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.