Kingsview Wealth Management LLC Decreases Stake in Alerian MLP ETF $AMLP

Kingsview Wealth Management LLC lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,524 shares of the exchange traded fund’s stock after selling 23,098 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Alerian MLP ETF were worth $4,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AMLP. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alerian MLP ETF by 14,563.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock worth $60,625,000 after purchasing an additional 1,280,552 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Alerian MLP ETF by 326.3% in the second 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 last quarter. Assetmark Inc. raised its stake in shares of Alerian MLP ETF by 1,024.7% in the third 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 last quarter. US Bancorp DE raised its stake in shares of Alerian MLP ETF by 57.6% in the third 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 last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Alerian MLP ETF by 1,508.5% in the fourth 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 last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $51.60 on Friday. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.22. The firm has a market capitalization of $12.03 billion, a P/E ratio of 14.17 and a beta of 0.52. The business has a fifty day moving average of $52.90 and a 200 day moving average of $50.44.

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).