Janney Montgomery Scott LLC lessened its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,096,119 shares of the exchange traded fund’s stock after selling 91,649 shares during the period. Janney Montgomery Scott LLC’s holdings in Alerian MLP ETF were worth $9,317,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gradient Investments LLC raised its stake in Alerian MLP ETF by 2,665.4% during the fourth quarter. Gradient Investments LLC now owns 3,678 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 3,545 shares during the last quarter. Phocas Financial Corp. acquired a new stake in Alerian MLP ETF in the second quarter worth $49,000. Coastal Investment Advisors Inc. acquired a new stake in Alerian MLP ETF in the third quarter worth $74,000. Wiley BROS. Aintree Capital LLC acquired a new stake in Alerian MLP ETF in the fourth quarter worth $85,000. Finally, Financial Insights Inc. acquired a new stake in Alerian MLP ETF in the second quarter worth $90,000.
NYSEARCA:AMLP opened at $8.44 on Friday. The firm has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $8.88. Alerian MLP ETF has a 12 month low of $7.65 and a 12 month high of $10.25.
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.
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