Punch & Associates Investment Management Inc. Lowers Holdings in Alerian MLP ETF $AMLP

Punch & Associates Investment Management Inc. reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 19.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 69,891 shares of the exchange traded fund’s stock after selling 17,257 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Alerian MLP ETF were worth $3,679,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Wealth Alliance LLC increased its stake in shares of Alerian MLP ETF by 6.3% during the first quarter. Wealth Alliance LLC now owns 292,167 shares of the exchange traded fund’s stock worth $15,380,000 after acquiring an additional 17,202 shares during the period. Renaissance Technologies LLC lifted its position in Alerian MLP ETF by 17.4% in the first quarter. Renaissance Technologies LLC now owns 47,415 shares of the exchange traded fund’s stock valued at $2,496,000 after purchasing an additional 7,015 shares during the period. Compound Planning Inc. lifted its position in Alerian MLP ETF by 9.8% in the first quarter. Compound Planning Inc. now owns 61,954 shares of the exchange traded fund’s stock valued at $3,261,000 after purchasing an additional 5,512 shares during the period. Keebeck Wealth Management boosted its holdings in Alerian MLP ETF by 5.7% in the 1st quarter. Keebeck Wealth Management now owns 19,601 shares of the exchange traded fund’s stock valued at $1,032,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Wills Financial Group LLC boosted its holdings in Alerian MLP ETF by 4.7% in the 1st quarter. Wills Financial Group LLC now owns 75,773 shares of the exchange traded fund’s stock valued at $4,029,000 after purchasing an additional 3,412 shares in the last quarter.

Alerian MLP ETF Trading Up 0.1%

NYSEARCA AMLP opened at $54.99 on Friday. The business’s 50 day moving average is $52.74 and its two-hundred day moving average is $51.93. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.62. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

Alerian MLP ETF Company 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).