First Republic Investment Management Inc. Sells 9,631 Shares of ETRACS Alerian MLP Index ETN (NYSEARCA:AMU)

First Republic Investment Management Inc. lessened its stake in shares of ETRACS Alerian MLP Index ETN (NYSEARCA:AMU) by 24.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,572 shares of the company’s stock after selling 9,631 shares during the quarter. First Republic Investment Management Inc. owned 0.16% of ETRACS Alerian MLP Index ETN worth $466,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. M Holdings Securities Inc. lifted its position in shares of ETRACS Alerian MLP Index ETN by 7.2% during the 1st quarter. M Holdings Securities Inc. now owns 22,331 shares of the company’s stock worth $358,000 after buying an additional 1,497 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of ETRACS Alerian MLP Index ETN by 13.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 345,037 shares of the company’s stock worth $5,531,000 after buying an additional 40,947 shares during the period. Biltmore Capital Advisors LLC bought a new position in shares of ETRACS Alerian MLP Index ETN during the 1st quarter worth approximately $1,194,000. PNC Financial Services Group Inc. raised its position in ETRACS Alerian MLP Index ETN by 8,486.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 128,974 shares of the company’s stock valued at $2,068,000 after purchasing an additional 127,472 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in ETRACS Alerian MLP Index ETN by 15.1% in the 2nd quarter. Wells Fargo & Company MN now owns 11,122,961 shares of the company’s stock valued at $175,242,000 after purchasing an additional 1,463,329 shares during the last quarter.

AMU traded up $0.29 during trading on Friday, hitting $14.96. The company’s stock had a trading volume of 4,370 shares, compared to its average volume of 102,606. The firm’s 50 day moving average price is $14.92 and its two-hundred day moving average price is $15.65. ETRACS Alerian MLP Index ETN has a 12 month low of $13.27 and a 12 month high of $17.79.

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Institutional Ownership by Quarter for ETRACS Alerian MLP Index ETN (NYSEARCA:AMU)

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