Sumitomo Mitsui Trust Holdings Inc. Reduces Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 6.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,104,069 shares of the exchange traded fund’s stock after selling 82,344 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Alerian MLP ETF were worth $46,945,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Alerian MLP ETF during the 4th quarter worth $29,000. Provence Wealth Management Group purchased a new position in shares of Alerian MLP ETF during the 3rd quarter worth $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Alerian MLP ETF by 8,000.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 810 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 800 shares during the period. ICA Group Wealth Management LLC purchased a new position in shares of Alerian MLP ETF during the 4th quarter worth $34,000. Finally, Ancora Advisors LLC grew its holdings in shares of Alerian MLP ETF by 114.3% during the 1st quarter. Ancora Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 640 shares during the period.

Alerian MLP ETF Trading Up 1.3 %

NYSEARCA AMLP opened at $46.94 on Friday. The stock has a fifty day simple moving average of $46.38 and a 200-day simple moving average of $44.02. Alerian MLP ETF has a twelve month low of $37.06 and a twelve month high of $48.48. The stock has a market cap of $8.36 billion, a PE ratio of 12.87 and a beta of 0.51.

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.