Kingsview Wealth Management LLC Trims Stock Holdings in Alerian MLP ETF $AMLP

Kingsview Wealth Management LLC decreased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 18.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,524 shares of the exchange traded fund’s stock after selling 23,098 shares during the period. Kingsview Wealth Management LLC’s holdings in Alerian MLP ETF were worth $4,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Alerian MLP ETF by 19.4% during the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after buying an additional 7,280 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Alerian MLP ETF by 16.4% during the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock valued at $6,898,000 after buying an additional 19,916 shares during the last quarter. Sei Investments Co. bought a new position in Alerian MLP ETF during the second quarter valued at approximately $623,000. Diversify Advisory Services LLC bought a new position in Alerian MLP ETF during the second quarter valued at approximately $224,000. Finally, Quantinno Capital Management LP boosted its stake in Alerian MLP ETF by 63.3% during the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock valued at $2,481,000 after buying an additional 19,678 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $51.60 on Friday. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.22. The business has a 50 day simple moving average of $52.90 and a 200-day simple moving average of $50.44.

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).