Chickasaw Capital Management LLC Decreases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Chickasaw Capital Management LLC lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 30.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,080 shares of the exchange traded fund’s stock after selling 2,250 shares during the period. Chickasaw Capital Management LLC’s holdings in Alerian MLP ETF were worth $245,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF in the third quarter valued at about $28,000. Asset Dedication LLC lifted its stake in Alerian MLP ETF by 1,244.0% in the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF during the third quarter valued at $40,000. ORG Wealth Partners LLC purchased a new stake in Alerian MLP ETF in the third quarter worth $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the second quarter valued at $49,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock traded down $0.15 during mid-day trading on Tuesday, reaching $48.71. The company’s stock had a trading volume of 806,984 shares, compared to its average volume of 1,055,154. Alerian MLP ETF has a 12-month low of $42.25 and a 12-month high of $51.47. The firm’s fifty day moving average price is $48.51 and its two-hundred day moving average price is $47.73. The company has a market capitalization of $8.76 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.