Rockefeller Capital Management L.P. Lowers Stake in Alerian MLP ETF $AMLP

Rockefeller Capital Management L.P. reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 799,483 shares of the exchange traded fund’s stock after selling 116,183 shares during the period. Rockefeller Capital Management L.P.’s holdings in Alerian MLP ETF were worth $37,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMLP. Flagship Harbor Advisors LLC bought a new position in Alerian MLP ETF in the 4th quarter worth $43,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Alerian MLP ETF by 800.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 1,000 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Alerian MLP ETF in the fourth quarter valued at about $57,000. Palladiem LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter valued at about $60,000. Finally, BROOKFIELD Corp ON purchased a new position in shares of Alerian MLP ETF in the second quarter valued at about $65,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $50.67 on Monday. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22. The business has a 50-day moving average price of $52.63 and a 200-day moving average price of $50.98. The firm has a market cap of $11.82 billion, a price-to-earnings 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).