Violich Capital Management Inc. cut its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 11.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 253,290 shares of the exchange traded fund’s stock after selling 33,250 shares during the period. Alerian MLP ETF comprises about 1.7% of Violich Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Violich Capital Management Inc. owned 0.12% of Alerian MLP ETF worth $12,376,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of Alerian MLP ETF by 15.6% during the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after purchasing an additional 437,947 shares during the last quarter. Allen Investment Management LLC increased its position in shares of Alerian MLP ETF by 31.7% during the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after acquiring an additional 740,605 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Alerian MLP ETF by 18.6% during the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after acquiring an additional 401,133 shares during the last quarter. Naviter Wealth LLC increased its position in shares of Alerian MLP ETF by 17.5% during the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after acquiring an additional 194,949 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Alerian MLP ETF by 34.4% in the second quarter. US Bancorp DE now owns 760,011 shares of the exchange traded fund’s stock valued at $37,134,000 after purchasing an additional 194,330 shares during the period.
Alerian MLP ETF Stock Performance
NYSEARCA AMLP opened at $45.63 on Friday. The firm has a 50 day simple moving average of $47.36 and a 200-day simple moving average of $48.12. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42.
Alerian MLP ETF Profile
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.
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