Sumitomo Mitsui Trust Group Inc. Has $45.40 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Sumitomo Mitsui Trust Group Inc. lowered its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 942,736 shares of the exchange traded fund’s stock after selling 78,406 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.52% of Alerian MLP ETF worth $45,402,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in Alerian MLP ETF by 38.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 9,088 shares during the period. Farther Finance Advisors LLC raised its position in shares of Alerian MLP ETF by 532.8% during the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after acquiring an additional 16,560 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF in the third quarter worth approximately $65,000. Armstrong Advisory Group Inc. boosted its holdings in Alerian MLP ETF by 17.2% in the third quarter. Armstrong Advisory Group Inc. now owns 7,752 shares of the exchange traded fund’s stock valued at $365,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Violich Capital Management Inc. increased its position in Alerian MLP ETF by 1.7% during the 3rd quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock valued at $10,618,000 after purchasing an additional 3,870 shares during the period.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $52.63 on Tuesday. The firm has a 50 day moving average price of $50.01 and a two-hundred day moving average price of $48.28. Alerian MLP ETF has a 52-week low of $43.29 and a 52-week high of $53.24. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.