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JPMorgan Alerian MLP Index ETN

5/22/2013, 10:46 PM ET

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Tuesday, May 21, 6:32 PM If you harbor doubts about the sharp rise of energy MLPs, you don’t have many short sellers on your side. Fewer than 1% of the shares of MLP constituents of the Alerian index (AMJ) are out on loan. Low short interest may have less to do with a lack of negative opinion than with the nature of who owns MLPs, but it’s a notable feature since it should mean a classic short squeeze isn’t possible. 7 Comments [Energy]
Wednesday, May 8, 11:47 AM There's suddenly a bit of danger seen in MLP investments, as the popular MLP tracker JPMorgan Alerian ETN (AMJ) is trading at ~4% above the value of its underlying assets. JPM itself says investors paying a premium for the ETNs "could incur significant losses if that investor sells its ETNs at a time when some or all of the premium is no longer present." 6 Comments [Energy, Quick Ideas]
Tuesday, April 30, 11:42 AM Growing distributions while growing the business is the key for MLPs for the rest of 2013, and Merrill's MLP research team highlights energy partnerships it believes can expand their current business models while raising their distributions to shareholders. Likely to enjoy the highest payout increases: ACMP, BPL, EEP, EPD, GEL, NRGM, MWE, PAA. Comment! [Energy, Quick Ideas]
Friday, April 19, 5:37 PM Fitch Ratings addresses the possibility of MLPs losing their tax advantages as the U.S. government hunts for revenue. The good news: Fitch isn't too worried about the near- or intermediate-term. The bad news: Any fears of the status quo being challenged likely would bring havoc to the sector - a long-term threat as the sector grows larger. When this happened in Canada, it was devastating to investors there. 1 Comment [Energy]
Friday, April 19, 4:26 PM The week's ETF movers - Gainers: VXX +11.3%. EPI +5.5%. UNG +3.9%. GAZ +3.9%. AMJ +2.1%.
ETF Losers: GDXJ -14.2%. SLV -11.4%. SIVR -11.3%. GDX -11.3%. PSLV -10.8%. Comment! [On the Move]
Thursday, April 4, 3:10 PM A few leave the bullish camp in the AAII Investor Sentiment survey, their number declining 2.9 points to 35.5%. A slight drop in bears brought their number down to 28.2%, the lowest level in 9 weeks. A special question asked for investor's favorite sector. The winner? Energy (XLE), including MLPs (AMJ), with 30% of the votes. Comment!
Friday, March 22, 4:32 PM The week's ETF movers - Gainers: AMJ +3.37%. VXX +2.24%. GDX +2.20%. XLP +2.13%. UNG +1.98%.
ETF Losers: EPI -5.54%. BRF -4.26%. KOL -3.67%. EWZ -3.64%. FCG -3.43%. Comment! [On the Move]
Wednesday, March 13, 5:48 PM More on ATMP launch: ATMP charges 0.95% as fees which is higher than its peers IMLP (0.80%), YMLP (0.82%), MLPY and MLPI (0.85%), MLPS (0.86%) and EMLP (0.95%). Comment! [Energy, Dividends]
Sunday, February 24, 9:31 AM MLPs are a multidecade story, not multiyear, says Chris Eades (CEM, EMO, CTR). His partner in a mini-Barron's roundtable, Kyri Loupis takes note of non-economic factors which keep MLP yields higher than REIT yields. "Maniacally focused" on yield, MLP investors should instead consider yield growth as a key metric, says Eades. His top pick is Targa Resources Partners (NGLS), still considered as having huge exposure to commodity prices even as fee income is set to rise to 65% of revenues. 8 Comments [Quick Ideas]
Friday, February 15, 5:51 PM The week's ETF movers - Gainers: TAN +10.68%. KOL +2.78%. EWY +2.38%. XHB +2.32%. AMJ +1.68%.
ETF Losers: GAZ -9.58%. GDXJ -6.97%. PSLV -6.27%. GDX -5.74%. SIVR -5.33%. Comment! [On the Move]
Tuesday, February 12, 7:23 PM Yorkville ETF Advisors expanded its MLP ETF lineup by launching its High Income Infrastructure MLP fund YMLI today. The ETF debuts following the success of YMLP last year. The two ETFs will have no overlap in holdings and will provide composite exposure to the MLP universe. Competitors: AMJ, EMLP, MLPI, AMLP, MLPJ (pdf) 1 Comment
Monday, February 4, 5:58 PM Enterprise Products Partners (EPD) is king of MLPs, and as the largest MLP raises cash and dilutes, Jon Ogg warns the other large MLPs and second-tier MLPs likely will follow suit, which could mean profit taking and possible near-term short selling are likely to come back as a temporary theme in the MLP sector. EPD, +11.8% YTD, -2.8% AH. 6 Comments [Energy, On the Move]
Friday, February 1, 6:54 PM The week's ETF movers - Gainers: VNM +5.9%; BRF +3.4%; BNO +2.9%; AMJ +2.3%; PSLV +2.3%.
ETF Losers: UNG -5%; FXY -2.1%; TLT -2.1%; TAN -1.7%; JNK -1.6%. Comment! [On the Move]
Friday, January 11, 3:21 PM With investor interest high, issuers continue to add to the crowded MLP arena. The lastest will be Tuesday's launch of an ETF tracking an index of junior MLP players, the MLPJ. Comment! [Energy]
Wednesday, January 9, 10:28 AM Credit Suisse predicts a catch-up rally for master limited partnerships, propelled by strong fundamentals in the energy space. With a projected 6%-6.25% average yield for MLPs, the firm estimates total returns for the stocks in the mid-teens. Exterran Partners (EXLP) is upgraded to Outperform, but APU, BWP, SEP and SPH are cut to Neutral. Comment! [Energy, Quick Ideas]
Sunday, January 6, 8:56 AM While the preferred stock (PFF) led the income pack in 2012 with a total return of 18.2%, the current risk-reward profile isn't great, says Barclays' Shobhit Gupta, with the upside capped by the issuer call option, and significant downside if rates rise. One overlooked class for investors: Convertible Bonds (CWB). Barron's overview of the income sector. 26 Comments [Quick Ideas]