Goldman Sachs Group Inc. Sells 603,175 Shares of Alerian MLP ETF $AMLP

Goldman Sachs Group Inc. decreased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,010,723 shares of the exchange traded fund’s stock after selling 603,175 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Alerian MLP ETF were worth $329,644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMLP. REAP Financial Group LLC raised its position in shares of 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 buying an additional 500 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at approximately $43,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,000 shares in the last quarter. BROOKFIELD Corp ON bought a new position in shares of Alerian MLP ETF in the 2nd quarter valued at $65,000. Finally, First Horizon Corp increased its stake in shares of Alerian MLP ETF by 396.7% in the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 1,190 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $52.77 on Friday. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.22. The business’s fifty day moving average is $52.86 and its 200-day moving average is $50.64. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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).