Chickasaw Capital Management LLC Sells 2,250 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Chickasaw Capital Management LLC reduced its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 30.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,080 shares of the exchange traded fund’s stock after selling 2,250 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Alerian MLP ETF were worth $245,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AMLP. Bank of New York Mellon Corp increased its position in Alerian MLP ETF by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,285 shares of the exchange traded fund’s stock valued at $350,000 after purchasing an additional 433 shares during the period. Private Advisor Group LLC raised its stake in Alerian MLP ETF by 7.9% in the second quarter. Private Advisor Group LLC now owns 189,786 shares of the exchange traded fund’s stock worth $9,106,000 after buying an additional 13,920 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF in the second quarter worth about $49,000. Asset Dedication LLC boosted its position in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 622 shares in the last quarter. Finally, HCR Wealth Advisors raised its position in shares of Alerian MLP ETF by 19.9% in the 2nd quarter. HCR Wealth Advisors now owns 30,588 shares of the exchange traded fund’s stock worth $1,468,000 after acquiring an additional 5,087 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP traded down $0.15 during mid-day trading on Tuesday, hitting $48.71. 806,984 shares of the stock traded hands, compared to its average volume of 1,055,154. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock has a fifty day moving average price of $48.51 and a 200-day moving average price of $47.73. Alerian MLP ETF has a 52 week low of $42.25 and a 52 week high of $51.47.

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.