Taylor Wealth Management Partners sold its stake in Alerian MLP (NASDAQ:AMLP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The hedge fund previously had a 400 share stake in the company, valued at approximately $3,968. Taylor Wealth Management Partners had fully closed out its position in company by the time it had filed its quarterly Form 13F disclosure.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MUFG Americas raised its position in shares of Alerian MLP by 0.3% in the third quarter. MUFG Americas now owns 63,957 shares of the company’s stock valued at $798,000 after buying an additional 207 shares during the period. Merriman Wealth Management purchased a new position in shares of Alerian MLP during the fourth quarter valued at $1,662,000. Finally, Hollencrest Securities purchased a new position in shares of Alerian MLP during the fourth quarter valued at $3,700,000.

Alerian MLP (NASDAQ:AMLP) traded up 8.89% on Friday, reaching $9.92. The company’s stock had a trading volume of 26,777,613 shares. Alerian MLP has a 1-year low of $8.25 and a 1-year high of $17.60. The stock has a 50 day moving average price of $10.72 and a 200-day moving average price of $13.17.

ALERIAN MLP ETF seeks investment results that correspond (NASDAQ:AMLP) 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). ALPS Advisors, Inc. is the investment adviser to the fund.

12 Month Chart for NASDAQ:AMLP

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