Partnervest Advisory Services LLC lowered its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 57.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,898 shares of the exchange traded fund’s stock after selling 20,418 shares during the quarter. Partnervest Advisory Services LLC’s holdings in Alerian MLP ETF were worth $159,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at about $374,518,000. First Republic Investment Management Inc. purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at about $62,279,000. Jordan Park Group LLC raised its holdings in shares of Alerian MLP ETF by 4,035.0% in the 2nd quarter. Jordan Park Group LLC now owns 5,309,292 shares of the exchange traded fund’s stock valued at $53,624,000 after acquiring an additional 5,180,892 shares in the last quarter. Creative Planning raised its holdings in shares of Alerian MLP ETF by 22.8% in the 2nd quarter. Creative Planning now owns 22,694,990 shares of the exchange traded fund’s stock valued at $229,219,000 after acquiring an additional 4,221,062 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Alerian MLP ETF by 1,295.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,661,193 shares of the exchange traded fund’s stock valued at $36,978,000 after acquiring an additional 3,398,794 shares in the last quarter.
NYSEARCA:AMLP opened at $9.82 on Thursday. Alerian MLP ETF has a twelve month low of $9.01 and a twelve month high of $11.89.
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.
Featured Story: Investing strategies using the yield curve
Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP ETF (NYSEARCA:AMLP).
Receive News & Ratings for Alerian MLP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alerian MLP ETF and related companies with MarketBeat.com's FREE daily email newsletter.