Cypress Capital Management LLC WY Trims Position in Alerian MLP ETF (NYSEARCA:AMLP)

Cypress Capital Management LLC WY lowered its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 3.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 52,651 shares of the exchange traded fund’s stock after selling 2,083 shares during the period. Alerian MLP ETF makes up approximately 2.9% of Cypress Capital Management LLC WY’s portfolio, making the stock its 5th biggest holding. Cypress Capital Management LLC WY’s holdings in Alerian MLP ETF were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Investment Advisory Services LLC increased its stake in shares of Alerian MLP ETF by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 222 shares during the period. Allen Capital Group LLC grew its holdings in Alerian MLP ETF by 3.9% in the 4th quarter. Allen Capital Group LLC now owns 56,336 shares of the exchange traded fund’s stock worth $2,713,000 after acquiring an additional 2,089 shares during the last quarter. Barry Investment Advisors LLC increased its position in shares of Alerian MLP ETF by 3.7% in the fourth quarter. Barry Investment Advisors LLC now owns 42,253 shares of the exchange traded fund’s stock valued at $2,035,000 after acquiring an additional 1,498 shares during the period. SteelPeak Wealth LLC raised its stake in shares of Alerian MLP ETF by 24.0% during the fourth quarter. SteelPeak Wealth LLC now owns 70,909 shares of the exchange traded fund’s stock valued at $3,415,000 after acquiring an additional 13,702 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 20.8% during the fourth quarter. Mayflower Financial Advisors LLC now owns 70,721 shares of the exchange traded fund’s stock worth $3,406,000 after purchasing an additional 12,175 shares during the period.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $52.13 on Friday. The stock’s 50-day moving average is $49.70 and its 200 day moving average is $48.11. The company has a market cap of $9.38 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $43.02 and a 1 year 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.