Palouse Capital Management Inc. Sells 2,304 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Palouse Capital Management Inc. lowered its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 42,074 shares of the exchange traded fund’s stock after selling 2,304 shares during the quarter. Palouse Capital Management Inc.’s holdings in Alerian MLP ETF were worth $1,789,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its stake in shares of Alerian MLP ETF by 270,500.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,135,934 shares of the exchange traded fund’s stock worth $614,295,000 after purchasing an additional 16,129,971 shares during the period. Cowa LLC lifted its stake in shares of Alerian MLP ETF by 10,043.4% in the 1st quarter. Cowa LLC now owns 5,232,801 shares of the exchange traded fund’s stock worth $2,004,000 after purchasing an additional 5,181,213 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Alerian MLP ETF by 54.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,607,500 shares of the exchange traded fund’s stock worth $559,467,000 after purchasing an additional 5,174,427 shares during the period. TIAA Trust National Association bought a new position in shares of Alerian MLP ETF in the 3rd quarter worth approximately $42,485,000. Finally, International Assets Investment Management LLC increased its holdings in Alerian MLP ETF by 3,469.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after acquiring an additional 986,683 shares in the last quarter.

Alerian MLP ETF Trading Up 1.3 %

Shares of AMLP traded up $0.58 during trading hours on Friday, reaching $46.94. 1,217,980 shares of the stock traded hands, compared to its average volume of 1,261,256. Alerian MLP ETF has a 52-week low of $37.06 and a 52-week high of $48.48. The company’s 50-day moving average price is $46.38 and its two-hundred day moving average price is $44.02. The company has a market cap of $8.36 billion, a P/E ratio of 12.87 and a beta of 0.51.

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.