“Shares of AMJ — whose top holdings include an array of energy names like Enterprise Products, Magellan Midstream, Williams Partners, Sunoco and ONEOK—have fallen 26 percent in 2016 and are sitting near five-year lows,” according to CNBC.
MLPs are not directly affected by oil prices since the sector acts more like an energy toll road and profits off crude oil flowing threw its pipelines. However, the recent selling pressure in the energy market spilled over to MLPs as traders feared the low prices would force producers to cutback on production, which would mean less volume going through MLPs.
JPMorgan Alerian MLP Index ETN
