Choreo LLC Lowers Position in Alerian MLP ETF (NYSEARCA:AMLP)

Choreo LLC reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 510,921 shares of the exchange traded fund’s stock after selling 17,267 shares during the quarter. Choreo LLC’s holdings in Alerian MLP ETF were worth $21,724,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG raised its stake in shares of Alerian MLP ETF by 4.7% in the third quarter. UBS Group AG now owns 2,884,519 shares of the exchange traded fund’s stock worth $121,727,000 after purchasing an additional 129,611 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Alerian MLP ETF by 8.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,328,213 shares of the exchange traded fund’s stock worth $56,051,000 after acquiring an additional 104,779 shares during the period. Raymond James & Associates grew its stake in shares of Alerian MLP ETF by 5.1% in the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock valued at $55,523,000 after buying an additional 63,053 shares during the period. Allen Investment Management LLC lifted its stake in shares of Alerian MLP ETF by 2.5% in the 3rd quarter. Allen Investment Management LLC now owns 1,096,931 shares of the exchange traded fund’s stock valued at $46,290,000 after purchasing an additional 27,013 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Alerian MLP ETF by 58.4% during the third quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock worth $43,522,000 after buying an additional 380,025 shares during the period.

Alerian MLP ETF Trading Up 0.2 %

AMLP traded up $0.08 during mid-day trading on Monday, hitting $47.60. 326,171 shares of the stock were exchanged, compared to its average volume of 1,249,308. The company has a market cap of $8.47 billion, a PE ratio of 12.87 and a beta of 0.51. The firm’s fifty day moving average is $46.71 and its two-hundred day moving average is $44.27. Alerian MLP ETF has a 1-year low of $37.06 and a 1-year high of $48.48.

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.