Sunbeam Capital Management LLC Takes Position in Alerian MLP ETF $AMLP

Sunbeam Capital Management LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, HoldingsChannel reports. The firm purchased 12,451 shares of the exchange traded fund’s stock, valued at approximately $585,000.

A number of other large investors have also added to or reduced their stakes in the business. Saxon Interests Inc. raised its stake in Alerian MLP ETF by 9.8% in the 4th quarter. Saxon Interests Inc. now owns 10,974 shares of the exchange traded fund’s stock valued at $516,000 after acquiring an additional 982 shares during the period. Advisors Asset Management Inc. raised its stake in Alerian MLP ETF by 8.2% in the 4th quarter. Advisors Asset Management Inc. now owns 137,372 shares of the exchange traded fund’s stock valued at $6,459,000 after acquiring an additional 10,424 shares during the period. Douglass Winthrop Advisors LLC raised its stake in Alerian MLP ETF by 39.5% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 15,000 shares of the exchange traded fund’s stock valued at $705,000 after acquiring an additional 4,250 shares during the period. HRT Financial LP raised its stake in Alerian MLP ETF by 269.9% in the 4th quarter. HRT Financial LP now owns 26,945 shares of the exchange traded fund’s stock valued at $1,266,000 after acquiring an additional 19,660 shares during the period. Finally, Orion Porfolio Solutions LLC raised its stake in Alerian MLP ETF by 3.1% in the 4th quarter. Orion Porfolio Solutions LLC now owns 242,784 shares of the exchange traded fund’s stock valued at $11,416,000 after acquiring an additional 7,249 shares during the period.

Alerian MLP ETF Trading Down 0.3%

AMLP opened at $52.13 on Friday. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.22. The stock’s fifty day simple moving average is $52.79 and its 200 day simple moving average is $50.84. The stock has a market cap of $12.16 billion, a PE ratio of 14.17 and a beta of 0.50.

About Alerian MLP ETF

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).