Palouse Capital Management Inc. Has $1.79 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Palouse Capital Management Inc. lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,074 shares of the exchange traded fund’s stock after selling 2,304 shares during the quarter. Palouse Capital Management Inc.’s holdings in Alerian MLP ETF were worth $1,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMLP. Eagle Strategies LLC grew its stake in Alerian MLP ETF by 4.8% during the third quarter. Eagle Strategies LLC now owns 85,320 shares of the exchange traded fund’s stock worth $3,601,000 after buying an additional 3,921 shares during the last quarter. Raymond James & Associates grew its stake in Alerian MLP ETF by 5.1% during the fourth quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after buying an additional 63,053 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Alerian MLP ETF during the fourth quarter worth about $219,000. Aurora Private Wealth Inc. grew its stake in Alerian MLP ETF by 2.0% during the fourth quarter. Aurora Private Wealth Inc. now owns 28,729 shares of the exchange traded fund’s stock worth $1,222,000 after buying an additional 574 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Alerian MLP ETF by 3,469.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after buying an additional 986,683 shares during the last quarter.

Alerian MLP ETF Trading Up 1.3 %

Shares of AMLP traded up $0.58 during mid-day trading on Friday, hitting $46.94. 1,217,980 shares of the company traded hands, compared to its average volume of 1,261,256. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48. The business has a 50-day moving average of $46.38 and a 200 day moving average of $44.02. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 12.87 and a beta of 0.51.

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.