Pointe Capital Management LLC Lowers Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Pointe Capital Management LLC reduced its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,155 shares of the exchange traded fund’s stock after selling 513 shares during the period. Pointe Capital Management LLC’s holdings in Alerian MLP ETF were worth $1,027,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sapient Capital LLC bought a new stake in Alerian MLP ETF during the fourth quarter valued at $381,000. U.S. Capital Wealth Advisors LLC boosted its position in shares of Alerian MLP ETF by 26.7% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 60,326 shares of the exchange traded fund’s stock valued at $2,565,000 after acquiring an additional 12,713 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Alerian MLP ETF by 52.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 14,258 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 4,886 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Alerian MLP ETF by 29.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 826,887 shares of the exchange traded fund’s stock worth $35,159,000 after purchasing an additional 189,104 shares during the last quarter. Finally, Essex Financial Services Inc. increased its position in shares of Alerian MLP ETF by 5.3% in the fourth quarter. Essex Financial Services Inc. now owns 56,840 shares of the exchange traded fund’s stock worth $2,417,000 after purchasing an additional 2,870 shares during the last quarter.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock traded up $0.41 during mid-day trading on Friday, hitting $47.30. 1,245,957 shares of the company traded hands, compared to its average volume of 1,271,892. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48. The stock has a market cap of $8.51 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 $46.86 and a 200-day moving average price of $44.41.

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.