BTS Asset Management Inc. Sells 6,727 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

BTS Asset Management Inc. lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 48.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,186 shares of the exchange traded fund’s stock after selling 6,727 shares during the quarter. Alerian MLP ETF makes up 0.2% of BTS Asset Management Inc.’s portfolio, making the stock its 21st biggest position. BTS Asset Management Inc.’s holdings in Alerian MLP ETF were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMLP. Bank of New York Mellon Corp raised its holdings in shares of Alerian MLP ETF by 10.8% during the first quarter. Bank of New York Mellon Corp now owns 17,837 shares of the exchange traded fund’s stock valued at $683,000 after acquiring an additional 1,743 shares in the last quarter. Blair William & Co. IL raised its holdings in Alerian MLP ETF by 22.3% in the first quarter. Blair William & Co. IL now owns 52,632 shares of the exchange traded fund’s stock worth $2,016,000 after purchasing an additional 9,614 shares in the last quarter. Cetera Investment Advisers raised its holdings in Alerian MLP ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 29,050 shares of the exchange traded fund’s stock worth $1,113,000 after purchasing an additional 3,406 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Alerian MLP ETF by 5.1% in the first quarter. Baird Financial Group Inc. now owns 22,137 shares of the exchange traded fund’s stock worth $848,000 after purchasing an additional 1,070 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Alerian MLP ETF by 12.1% in the first quarter. NewEdge Advisors LLC now owns 65,562 shares of the exchange traded fund’s stock worth $2,512,000 after purchasing an additional 7,091 shares in the last quarter.

Alerian MLP ETF Trading Up 0.4 %

AMLP traded up $0.18 during trading on Wednesday, reaching $47.03. The stock had a trading volume of 393,631 shares, compared to its average volume of 1,239,037. The stock’s 50 day moving average is $45.22 and its two-hundred day moving average is $43.40. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 13.30 and a beta of 1.42. Alerian MLP ETF has a one year low of $37.06 and a one year high of $47.50.

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.