Continental Advisors LLC Cuts Position in Alerian MLP ETF (NYSEARCA:AMLP)

Continental Advisors LLC trimmed its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,723 shares of the exchange traded fund’s stock after selling 3,500 shares during the period. Alerian MLP ETF makes up approximately 1.8% of Continental Advisors LLC’s holdings, making the stock its 15th biggest holding. Continental Advisors LLC’s holdings in Alerian MLP ETF were worth $3,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMLP. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF during the fourth quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Alerian MLP ETF by 400.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Hurley Capital LLC purchased a new stake in Alerian MLP ETF during the 4th quarter valued at $32,000. 1620 Investment Advisors Inc. bought a new stake in Alerian MLP ETF in the fourth quarter worth $38,000. Finally, City State Bank purchased a new position in Alerian MLP ETF during the fourth quarter worth $40,000.

Alerian MLP ETF Stock Down 2.1 %

AMLP stock opened at $47.63 on Tuesday. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 13.17 and a beta of 0.99. The firm’s fifty day simple moving average is $50.28 and its two-hundred day simple moving average is $49.52.

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.