Gateway Wealth Partners LLC Cuts Stake in Alerian MLP ETF $AMLP

Gateway Wealth Partners LLC lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 93.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 18,728 shares of the exchange traded fund’s stock after selling 266,363 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Alerian MLP ETF were worth $986,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Everest Financial Group LLC purchased a new position in Alerian MLP ETF during the first quarter valued at $1,174,000. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Alerian MLP ETF by 22.5% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 35,103 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 6,436 shares during the last quarter. Waverly Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 56.5% during the 1st quarter. Waverly Advisors LLC now owns 23,287 shares of the exchange traded fund’s stock valued at $1,226,000 after purchasing an additional 8,410 shares during the last quarter. Wealth Alliance LLC grew its position in shares of Alerian MLP ETF by 6.3% during the first quarter. Wealth Alliance LLC now owns 292,167 shares of the exchange traded fund’s stock valued at $15,380,000 after purchasing an additional 17,202 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Alerian MLP ETF by 17.4% during the first quarter. Renaissance Technologies LLC now owns 47,415 shares of the exchange traded fund’s stock valued at $2,496,000 after purchasing an additional 7,015 shares in the last quarter.

Alerian MLP ETF Trading Up 0.0%

Shares of AMLP stock opened at $54.82 on Thursday. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.62. The stock’s 50-day moving average price is $52.75 and its 200-day moving average price is $52.12.

Alerian MLP ETF Company 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).