Evergreen Capital Management LLC reduced its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,656 shares of the exchange traded fund’s stock after selling 43,826 shares during the period. Evergreen Capital Management LLC’s holdings in Alerian MLP ETF were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMLP. ERTS Wealth Advisors LLC acquired a new stake in Alerian MLP ETF during the 4th quarter worth about $30,000. North Star Investment Management Corp. boosted its position in shares of Alerian MLP ETF by 68.0% during the 1st quarter. North Star Investment Management Corp. now owns 4,200 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 1,700 shares in the last quarter. Legacy Advisors LLC bought a new position in shares of Alerian MLP ETF during the 1st quarter worth about $44,000. Phocas Financial Corp. bought a new position in shares of Alerian MLP ETF during the 4th quarter worth about $44,000. Finally, MRA Associates USA LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter worth about $61,000.
NYSEARCA AMLP traded up $0.06 during trading hours on Wednesday, hitting $9.75. The company’s stock had a trading volume of 10,604,259 shares, compared to its average volume of 16,075,270. Alerian MLP ETF has a 52 week low of $8.27 and a 52 week high of $11.41. The company’s 50-day moving average price is $9.80.
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.
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