Assetmark Inc. Decreases Stock Holdings in Alerian MLP ETF $AMLP

Assetmark Inc. decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 99.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,300 shares of the exchange traded fund’s stock after selling 682,135 shares during the period. Assetmark Inc.’s holdings in Alerian MLP ETF were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Evexia Wealth LLC boosted its holdings in Alerian MLP ETF by 76.6% in the fourth quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock valued at $1,703,000 after purchasing an additional 15,039 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Alerian MLP ETF by 20.3% in the fourth quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock valued at $8,663,000 after buying an additional 31,089 shares in the last quarter. Spirepoint Private Client LLC raised its stake in shares of Alerian MLP ETF by 14.5% during the 4th quarter. Spirepoint Private Client LLC now owns 373,406 shares of the exchange traded fund’s stock worth $17,558,000 after buying an additional 47,217 shares during the period. Searcy Financial Services Inc. ADV lifted its position in shares of Alerian MLP ETF by 6.6% during the 4th quarter. Searcy Financial Services Inc. ADV now owns 375,719 shares of the exchange traded fund’s stock valued at $17,666,000 after buying an additional 23,317 shares in the last quarter. Finally, Greenspring Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at $1,622,000.

Alerian MLP ETF Stock Down 1.4%

AMLP opened at $54.23 on Tuesday. The firm’s fifty day simple moving average is $52.74 and its two-hundred day simple moving average is $52.01. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.62. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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).