Activest Wealth Management Decreases Position in Alerian MLP ETF $AMLP

Activest Wealth Management lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 22.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,879 shares of the exchange traded fund’s stock after selling 10,029 shares during the period. Activest Wealth Management’s holdings in Alerian MLP ETF were worth $1,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMLP. REAP Financial Group LLC grew its stake in Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Alerian MLP ETF during the fourth quarter worth about $43,000. HM Payson & Co. acquired a new position in Alerian MLP ETF during the third quarter worth about $47,000. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 valued at $53,000 after purchasing an additional 1,000 shares in the last quarter. Finally, TFC Financial Management Inc. purchased a new stake in shares of Alerian MLP ETF in the third quarter valued at about $60,000.

Alerian MLP ETF Price Performance

AMLP stock opened at $53.13 on Thursday. The company’s 50 day simple moving average is $52.31 and its 200-day simple moving average is $49.43. Alerian MLP ETF has a 12 month low of $44.64 and a 12 month high of $54.20. The firm has a market capitalization of $12.39 billion, a PE ratio of 14.17 and a beta of 0.56.

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).