Sanctuary Advisors LLC Has $7.78 Million Stock Position in Alerian MLP ETF $AMLP

Sanctuary Advisors LLC lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 19.8% during the 1st quarter, Holdings Channel reports. The fund owned 147,693 shares of the exchange traded fund’s stock after selling 36,538 shares during the period. Sanctuary Advisors LLC’s holdings in Alerian MLP ETF were worth $7,775,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMLP. Global Trust Asset Management LLC raised its position in shares of Alerian MLP ETF by 600.0% during the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 600 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at $43,000. Whittier Trust Co. of Nevada Inc. increased its stake in Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Alerian MLP ETF during the 4th quarter valued at $57,000. Finally, Palladiem LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $60,000.

Alerian MLP ETF Trading Up 0.1%

Shares of Alerian MLP ETF stock opened at $54.03 on Friday. The company has a market capitalization of $12.73 billion, a P/E ratio of 14.17 and a beta of 0.50. The stock has a fifty day simple moving average of $52.64 and a 200 day simple moving average of $51.66. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22.

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. 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).