Alerian MLP ETF $AMLP Shares Sold by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 19.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,891 shares of the exchange traded fund’s stock after selling 17,257 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Alerian MLP ETF were worth $3,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMLP. Global Trust Asset Management LLC grew its position in Alerian MLP ETF by 600.0% during the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 600 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Alerian MLP ETF during the 4th quarter valued at approximately $43,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Alerian MLP ETF during the 4th quarter worth approximately $57,000. Finally, Palladiem LLC purchased a new stake in shares of Alerian MLP ETF during the 4th quarter worth approximately $60,000.

Alerian MLP ETF Price Performance

AMLP opened at $54.99 on Friday. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.62. The stock has a market cap of $12.93 billion, a P/E ratio of 14.17 and a beta of 0.50. The stock’s 50 day simple moving average is $52.74 and its 200 day simple moving average is $51.93.

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).