Evergreen Capital Management LLC Sells 11,257 Shares of Alerian MLP ETF $AMLP

Evergreen Capital Management LLC trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP) by 6.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 165,031 shares of the exchange traded fund’s stock after selling 11,257 shares during the period. Evergreen Capital Management LLC owned about 0.07% of Alerian MLP ETF worth $7,760,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMLP. REAP Financial Group LLC raised its position in shares of Alerian MLP ETF by 2,000.0% during the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Alerian MLP ETF by 213.9% in the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 445 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Alerian MLP ETF in the fourth quarter worth about $43,000. MJT & Associates Financial Advisory Group Inc. increased its position in Alerian MLP ETF by 136.3% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 545 shares during the period. Finally, HM Payson & Co. bought a new stake in Alerian MLP ETF during the 3rd quarter worth about $47,000.

Alerian MLP ETF Trading Up 0.4%

Alerian MLP ETF stock opened at $51.46 on Wednesday. The company has a market cap of $11.95 billion, a PE ratio of 14.17 and a beta of 0.56. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $54.20. The company’s 50-day moving average is $52.16 and its two-hundred day moving average is $49.18.

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. 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).