ETRACS Alerian MLP Index ETN
AMU
AMU was delisted on the 23rd of November, 2020.
40 hedge funds and large institutions have $249M invested in ETRACS Alerian MLP Index ETN in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 7 closing their positions.
10% more capital invested
Capital invested by funds: $226M → $249M (+$23.1M)
7% less funds holding
Funds holding: 43 → 40 (-3)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$38.7M |
| 2 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$2.59M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$987K |
| 4 |
Goldman Sachs
New York
|
+$903K |
| 5 |
VF
Virtu Financial
New York
|
+$903K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
Aspiriant LLC
Los Angeles,
California
|
-$3.61M |
| 2 |
WMG
WESCAP Management Group
Glendale,
California
|
-$654K |
| 3 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
-$475K |
| 4 |
AC
Alexandria Capital
Arlington,
Virginia
|
-$242K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$212K |
AMU Hedge Fund Activity: Q3 2019 in Review
40 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in ETRACS Alerian MLP Index ETN (AMU) for Q3 2019, worth a combined $249M — up 10% from $226M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of AMU and 4 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 12 added.
The largest buyer was Wells Fargo, adding an estimated $38.7M. The largest seller was Aspiriant LLC, cutting an estimated $3.61M.
- 40 institutional investors held ETRACS Alerian MLP Index ETN (AMU) as of Q3 2019, down from 43 in Q2 2019.
- Funds reported $249M of ETRACS Alerian MLP Index ETN stock for Q3 2019, up 10% quarter-over-quarter.
- 4 funds opened new ETRACS Alerian MLP Index ETN positions in Q3 2019 and 7 closed out, a net change of -3 holders.
- The largest ETRACS Alerian MLP Index ETN buyer in Q3 2019 was Wells Fargo, an estimated $38.7M added.
- The largest ETRACS Alerian MLP Index ETN seller in Q3 2019 was Aspiriant LLC, an estimated $3.61M sold.
Based on aggregated 13F filings for Q3 2019.