HighTower Advisors LLC Decreases Holdings in Alerian MLP ETF $AMLP

HighTower Advisors LLC trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 9.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 752,637 shares of the exchange traded fund’s stock after selling 82,411 shares during the quarter. HighTower Advisors LLC’s holdings in Alerian MLP ETF were worth $35,389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMLP. Northwestern Mutual Wealth Management Co. raised its position in shares of Alerian MLP ETF by 14,563.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock valued at $60,625,000 after buying an additional 1,280,552 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after purchasing an additional 795,787 shares during the period. Assetmark Inc. raised its position in Alerian MLP ETF by 1,024.7% in the 3rd quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock worth $33,648,000 after purchasing an additional 653,230 shares during the period. US Bancorp DE raised its position in Alerian MLP ETF by 57.6% in the 3rd quarter. US Bancorp DE now owns 1,197,958 shares of the exchange traded fund’s stock worth $56,220,000 after purchasing an additional 437,947 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Alerian MLP ETF by 1,508.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 406,459 shares of the exchange traded fund’s stock worth $19,116,000 after purchasing an additional 381,190 shares during the period.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $54.18 on Friday. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.22. The firm has a market capitalization of $12.64 billion, a P/E ratio of 14.17 and a beta of 0.52. The company’s 50-day moving average is $52.80 and its 200 day moving average is $50.19.

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).