Nicolet Advisory Services LLC lowered its position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 24.9% during the fourth quarter, HoldingsChannel reports. The firm owned 160,871 shares of the exchange traded fund’s stock after selling 53,450 shares during the period. Nicolet Advisory Services LLC’s holdings in Alerian MLP ETF were worth $7,788,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at $43,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,000 shares in the last quarter. Palladiem LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at $60,000. BROOKFIELD Corp ON purchased a new position in Alerian MLP ETF in the 2nd quarter valued at $65,000. Finally, First Horizon Corp lifted its holdings in Alerian MLP ETF by 396.7% in the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 1,190 shares in the last quarter.
Alerian MLP ETF Stock Performance
Shares of AMLP stock opened at $52.13 on Friday. The stock’s fifty day moving average is $52.79 and its two-hundred day moving average is $50.84. The firm has a market capitalization of $12.16 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.22.
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. 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).
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