Gateway Wealth Partners LLC Sells 266,363 Shares of Alerian MLP ETF $AMLP

Gateway Wealth Partners LLC lowered its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 93.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,728 shares of the exchange traded fund’s stock after selling 266,363 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Alerian MLP ETF were worth $986,000 as of its most recent filing with the Securities & Exchange Commission.

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

Alerian MLP ETF Stock Up 0.0%

AMLP stock opened at $54.82 on Thursday. The business’s 50-day moving average price is $52.75 and its 200-day moving average price is $52.12. The stock has a market cap of $12.87 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.62.

Alerian MLP ETF Company 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).