Forte Asset Management LLC Reduces Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Forte Asset Management LLC cut its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,315 shares of the exchange traded fund’s stock after selling 4,803 shares during the quarter. Alerian MLP ETF makes up 1.5% of Forte Asset Management LLC’s investment portfolio, making the stock its 26th largest position. Forte Asset Management LLC’s holdings in Alerian MLP ETF were worth $2,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Alerian MLP ETF in the third quarter worth approximately $28,000. City State Bank acquired a new position in Alerian MLP ETF during the fourth quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV acquired a new position in Alerian MLP ETF during the third quarter valued at approximately $40,000. ORG Wealth Partners LLC acquired a new position in Alerian MLP ETF during the third quarter valued at approximately $41,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF during the third quarter valued at approximately $65,000.

Alerian MLP ETF Stock Down 1.9 %

AMLP opened at $51.11 on Tuesday. The firm has a market capitalization of $9.19 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm’s 50 day moving average is $49.51 and its 200-day moving average is $48.03. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $52.82.

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.