Alerian MLP ETF $AMLP Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 297,605 shares of the exchange traded fund’s stock after selling 22,493 shares during the quarter. Alerian MLP ETF makes up about 0.8% of Checchi Capital Advisers LLC’s holdings, making the stock its 23rd largest position. Checchi Capital Advisers LLC owned 0.13% of Alerian MLP ETF worth $15,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMLP. Nwam LLC lifted its holdings in shares of Alerian MLP ETF by 0.9% in the 1st quarter. Nwam LLC now owns 157,549 shares of the exchange traded fund’s stock valued at $8,293,000 after purchasing an additional 1,466 shares during the last quarter. Fortress Financial Solutions LLC acquired a new position in Alerian MLP ETF during the first quarter worth approximately $979,000. AMG National Trust Bank acquired a new position in Alerian MLP ETF during the first quarter worth approximately $811,000. Objective Capital Management LLC purchased a new stake in Alerian MLP ETF in the first quarter valued at approximately $259,000. Finally, Castleview Partners LLC lifted its stake in Alerian MLP ETF by 26.2% in the first quarter. Castleview Partners LLC now owns 9,504 shares of the exchange traded fund’s stock valued at $500,000 after buying an additional 1,972 shares during the last quarter.

Alerian MLP ETF Trading Up 0.2%

AMLP stock opened at $53.82 on Wednesday. The company has a market capitalization of $12.69 billion, a P/E ratio of 14.17 and a beta of 0.50. The business has a 50 day simple moving average of $52.61 and a 200-day simple moving average of $51.56. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22.

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. 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).