InterOcean Capital Group LLC Purchases 5,698 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

InterOcean Capital Group LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 59.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,253 shares of the exchange traded fund’s stock after acquiring an additional 5,698 shares during the period. InterOcean Capital Group LLC’s holdings in Alerian MLP ETF were worth $649,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Alerian MLP ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after purchasing an additional 619,287 shares during the last quarter. UBS Group AG lifted its holdings in shares of Alerian MLP ETF by 4.7% during the third quarter. UBS Group AG now owns 2,884,519 shares of the exchange traded fund’s stock valued at $121,727,000 after purchasing an additional 129,611 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Alerian MLP ETF by 8.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,328,213 shares of the exchange traded fund’s stock valued at $56,051,000 after purchasing an additional 104,779 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Alerian MLP ETF by 5.1% during the fourth quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock valued at $55,523,000 after purchasing an additional 63,053 shares during the last quarter. Finally, Allen Investment Management LLC lifted its holdings in shares of Alerian MLP ETF by 2.5% during the third quarter. Allen Investment Management LLC now owns 1,096,931 shares of the exchange traded fund’s stock valued at $46,290,000 after purchasing an additional 27,013 shares during the last quarter.

Alerian MLP ETF Stock Up 0.2 %

Shares of AMLP stock traded up $0.07 during trading hours on Thursday, hitting $46.01. 232,590 shares of the company’s stock traded hands, compared to its average volume of 1,274,826. The stock’s fifty day simple moving average is $47.01 and its two-hundred day simple moving average is $44.81. Alerian MLP ETF has a 12-month low of $37.36 and a 12-month high of $48.48. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

About Alerian MLP ETF

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.