Alerian MLP ETF $AMLP Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC reduced its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,039 shares of the exchange traded fund’s stock after selling 18,435 shares during the period. Belpointe Asset Management LLC’s holdings in Alerian MLP ETF were worth $2,776,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. J2 Capital Management Inc boosted its position in shares of Alerian MLP ETF by 4.2% in the fourth quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock worth $251,000 after acquiring an additional 218 shares during the last quarter. CWA Asset Management Group LLC boosted its position in shares of Alerian MLP ETF by 1.1% in the fourth quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock worth $914,000 after acquiring an additional 220 shares during the last quarter. Opal Wealth Advisors LLC boosted its position in shares of Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock worth $397,000 after acquiring an additional 221 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its position in shares of Alerian MLP ETF by 2.2% in the third quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock worth $510,000 after acquiring an additional 237 shares during the last quarter. Finally, Private Advisory Group LLC boosted its position in shares of Alerian MLP ETF by 5.6% in the third quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock worth $212,000 after acquiring an additional 239 shares during the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $51.25 on Tuesday. The company’s 50 day simple moving average is $52.15 and its 200 day simple moving average is $49.15. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $54.20. The stock has a market capitalization of $11.91 billion, a PE ratio of 14.17 and a beta of 0.56.

Alerian MLP ETF Company 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).