ETRACS Alerian MLP Index ETN
AMU
AMU was delisted on the 23rd of November, 2020.
40 hedge funds and large institutions have $160M invested in ETRACS Alerian MLP Index ETN in 2019 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 4 increasing their positions, 16 reducing their positions, and 11 closing their positions.
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding
Funds holding: 40 → 40 (0)
5.52% less ownership
Funds ownership: 77.87% → 72.35% (-5.5%)
36% less capital invested
Capital invested by funds: $249M → $160M (-$89.1M)
75% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 16
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $41K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
+$3.48M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$3.09M |
| 3 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$2.53M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.52M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$463K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$65.6M |
| 2 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$7.44M |
| 3 |
AL
Aspiriant LLC
Los Angeles,
California
|
-$3.21M |
| 4 |
CCM
Chickasaw Capital Management
Memphis,
Tennessee
|
-$1.67M |
| 5 |
Goldman Sachs
New York
|
-$871K |
AMU Hedge Fund Activity: Q4 2019 in Review
40 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in ETRACS Alerian MLP Index ETN (AMU) for Q4 2019, worth a combined $160M — down 36% from $249M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new AMU positions and 11 closed out — a net gain of 1 holder — while 4 added to existing stakes and 16 trimmed.
The largest buyer was Wolverine Trading, adding an estimated $3.48M. The largest seller was Wells Fargo, cutting an estimated $65.6M.
- 40 institutional investors held ETRACS Alerian MLP Index ETN (AMU) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $160M of ETRACS Alerian MLP Index ETN stock for Q4 2019, down 36% quarter-over-quarter.
- 12 funds opened new ETRACS Alerian MLP Index ETN positions in Q4 2019 and 11 closed out, a net change of +1 holder.
- The largest ETRACS Alerian MLP Index ETN buyer in Q4 2019 was Wolverine Trading, an estimated $3.48M added.
- The largest ETRACS Alerian MLP Index ETN seller in Q4 2019 was Wells Fargo, an estimated $65.6M sold.
Based on aggregated 13F filings for Q4 2019.