Choreo LLC Lowers Position in Alerian MLP ETF (NYSEARCA:AMLP)

Choreo LLC lessened its position in Alerian MLP ETF (NYSEARCA:AMLP) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 500,214 shares of the exchange traded fund’s stock after selling 699 shares during the quarter. Choreo LLC’s holdings in Alerian MLP ETF were worth $24,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $28,000. City State Bank purchased a new position in Alerian MLP ETF during the fourth quarter valued at $40,000. ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF during the third quarter valued at $41,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF during the third quarter valued at $65,000. Finally, Rosenberg Matthew Hamilton raised its stake in Alerian MLP ETF by 803.5% during the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 1,374 shares during the last quarter.

Alerian MLP ETF Trading Up 0.8 %

Shares of NYSEARCA:AMLP opened at $52.71 on Wednesday. The stock has a fifty day simple moving average of $49.86 and a two-hundred day simple moving average of $48.17. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12-month low of $43.02 and a 12-month high of $52.85.

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.