American Research & Management Co. lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 319,051 shares of the exchange traded fund’s stock after selling 1,153 shares during the quarter. Alerian MLP ETF makes up approximately 2.3% of American Research & Management Co.’s portfolio, making the stock its 14th biggest holding. American Research & Management Co. owned 0.20% of Alerian MLP ETF worth $9,731,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AMLP. James Investment Research Inc. bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $26,000. Ancora Advisors LLC raised its holdings in Alerian MLP ETF by 71.4% during the 4th quarter. Ancora Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares during the period. ADE LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $34,000. Bessemer Group Inc. raised its holdings in Alerian MLP ETF by 44.7% during the 4th quarter. Bessemer Group Inc. now owns 1,447 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 447 shares during the period. Finally, Fortis Group Advisors LLC bought a new stake in Alerian MLP ETF during the 3rd quarter valued at $45,000.
AMLP stock traded down $0.41 during midday trading on Thursday, reaching $30.89. 29,624 shares of the company’s stock traded hands, compared to its average volume of 2,990,785. The company has a 50-day moving average price of $30.42 and a two-hundred day moving average price of $26.34. Alerian MLP ETF has a 52 week low of $18.15 and a 52 week high of $32.68.
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.
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