JPMorgan Chase & Co. lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Get Rating) by 25.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 780,220 shares of the exchange traded fund’s stock after selling 271,117 shares during the quarter. JPMorgan Chase & Co.’s holdings in Alerian MLP ETF were worth $29,702,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of AMLP. Centaurus Financial Inc. raised its position in shares of Alerian MLP ETF by 18.3% during the 3rd quarter. Centaurus Financial Inc. now owns 15,410 shares of the exchange traded fund’s stock valued at $563,000 after buying an additional 2,389 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Alerian MLP ETF by 28.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 100,499 shares of the exchange traded fund’s stock worth $3,826,000 after purchasing an additional 21,992 shares in the last quarter. Signature Securities Group Corporation acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at $40,000. EPG Wealth Management LLC purchased a new position in shares of Alerian MLP ETF during the third quarter worth approximately $200,000. Finally, Connectus Wealth LLC purchased a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $206,000.
Alerian MLP ETF Trading Down 1.6 %
Shares of Alerian MLP ETF stock opened at $38.56 on Monday. The stock has a market capitalization of $6.44 billion, a P/E ratio of 13.30 and a beta of 1.42. The business’s fifty day moving average price is $38.84 and its 200 day moving average price is $38.92. Alerian MLP ETF has a twelve month low of $32.25 and a twelve month high of $42.47.
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.
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