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Summary Oil prices have been plagued by demand concerns related to tariffs and recession risk, while OPEC+ surprised markets with higher production plans for May. Amid the weakness in oil, midstream/MLPs were more resilient than other energy subsectors given fee-based business models with stable cash flows and less commodity price exposure.
Investors seeking to access the energy infrastructure space through passively managed vehicles have a menu of options, including half a dozen passive ETFs. Beyond ETFs, investors may also consider exchange-traded notes (ETNs).
NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), traded on the NYSE Arca. NYSE Ticker ETN Name and Prospectus Supplement* Coupon Valuation Date Ex- Date Record Date Payment Date Coupon Amount Payment Schedule Current Yield (annualized)** AMUB ETRACS Alerian MLP Index ETN Series B 11/15/24 11/29/24 11/29/24 12/09/24 $0.2849 Quarterly 6.10% * The table above provides a hyperlink to the relevant prospe.
Energy Transfer LP (ET) reported fourth-quarter 2022 earnings on Wednesday, offering guidance on the partnership's distribution, which has fully rebounded since being cut in 2020. During the fourth quarter, Energy Transfer generated adjusted EBITDA of $3.44 billion compared to $2.81 billion a year prior.
VettaFi has announced the results of the December 2022 quarterly review for the Alerian Index Series. All changes to the indexes will be implemented at the close of trading on December 16 for the market open on December 19, according to a statement from VettaFi.
MLP ETFs stood out in the third quarter despite a decline in oil prices.
VettaFi announced the results of the June 2022 quarterly review for the Alerian midstream indexes, with changes going into effect next week, according to a statement from VettaFi. NGL Energy Partners LP (NYSE: NGL) will be dropped from the Alerian Midstream Energy Select Index (AMEI).
The Alerian MLP Index is the leading gauge of energy infrastructure MLPs. The capped, float-adjusted, capitalization-weighted index's constituents earn the majority of their cash flow from midstream activities involving energy commodities.
SEC filings for AMUB aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.