UBS Group AG Decreases Stake in Alerian MLP ETF $AMLP

UBS Group AG cut its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,082,158 shares of the exchange traded fund’s stock after selling 147,843 shares during the quarter. UBS Group AG’s holdings in Alerian MLP ETF were worth $144,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AMLP. J2 Capital Management Inc raised its stake in Alerian MLP ETF by 4.2% in the 4th quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock worth $251,000 after acquiring an additional 218 shares during the last quarter. CWA Asset Management Group LLC grew its stake in Alerian MLP ETF by 1.1% during the 4th quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 220 shares during the last quarter. Opal Wealth Advisors LLC grew its stake in Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 221 shares during the last quarter. Shepherd Kaplan Krochuk LLC increased its holdings in shares of Alerian MLP ETF by 2.2% in the third quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock valued at $510,000 after purchasing an additional 237 shares during the period. Finally, Private Advisory Group LLC raised its stake in shares of Alerian MLP ETF by 5.6% in the third quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock worth $212,000 after purchasing an additional 239 shares during the last quarter.

Alerian MLP ETF Stock Up 1.9%

Alerian MLP ETF stock opened at $54.12 on Friday. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $54.20. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 14.17 and a beta of 0.56. The stock has a 50-day moving average price of $52.36 and a 200 day moving average price of $49.46.

About Alerian MLP ETF

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).