Westside Investment Management Inc. Cuts Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Westside Investment Management Inc. reduced its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,406 shares of the exchange traded fund’s stock after selling 267 shares during the period. Westside Investment Management Inc.’s holdings in Alerian MLP ETF were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMLP. Park Avenue Securities LLC increased its holdings in shares of Alerian MLP ETF by 38.8% in the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 9,088 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after buying an additional 16,560 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF in the 3rd quarter worth approximately $65,000. Regency Capital Management Inc. DE raised its holdings in shares of Alerian MLP ETF by 173.7% during the 3rd quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock worth $4,627,000 after acquiring an additional 62,304 shares in the last quarter. Finally, Silver Lake Advisory LLC bought a new position in shares of Alerian MLP ETF during the 2nd quarter valued at approximately $236,000.

Alerian MLP ETF Stock Performance

AMLP stock opened at $52.37 on Wednesday. The firm has a market cap of $9.42 billion, a PE ratio of 13.08 and a beta of 0.48. The firm has a fifty day moving average price of $49.17 and a 200 day moving average price of $47.93. Alerian MLP ETF has a fifty-two week low of $43.02 and a fifty-two week high of $52.82.

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.