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home / news releases / AMUB - SteelPath May MLP Update And News


AMUB - SteelPath May MLP Update And News

By Brian Watson, CFA, Senior Portfolio Manager

The midstream sector finds a way to offset the impact of the coronavirus and oil glut

April MLP performance appeared to reflect improving sentiment as COVID-19 containment efforts are set to ease in many locations. Furthermore, midstream investor anxieties may have been calmed by efforts to improve free cash flow generation through capital spending cuts and, for some, reductions to distribution payouts.

MLP Market Overview

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended April up 48.0% on a price basis and up 49.5% once distributions

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Stock Information

Company Name: ETRACS Alerian MLP Index ETN Series B due July 18 2042
Stock Symbol: AMUB
Market: NYSE

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