InterOcean Capital Group LLC Grows Stake in Alerian MLP ETF (NYSEARCA:AMLP)

InterOcean Capital Group LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,465 shares of the exchange traded fund’s stock after purchasing an additional 2,212 shares during the quarter. InterOcean Capital Group LLC’s holdings in Alerian MLP ETF were worth $829,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMLP. Russell Investments Group Ltd. purchased a new position in Alerian MLP ETF in the first quarter valued at about $27,000. First United Bank & Trust acquired a new stake in shares of Alerian MLP ETF during the fourth quarter valued at about $35,000. ICA Group Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF during the fourth quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Alerian MLP ETF during the fourth quarter valued at about $39,000. Finally, Friedenthal Financial acquired a new stake in shares of Alerian MLP ETF during the fourth quarter valued at about $54,000.

Alerian MLP ETF Stock Down 0.5 %

Shares of Alerian MLP ETF stock traded down $0.25 during trading hours on Thursday, hitting $47.75. 1,205,637 shares of the company’s stock traded hands, compared to its average volume of 1,249,377. The stock has a 50 day simple moving average of $47.10 and a 200-day simple moving average of $46.25. The company has a market cap of $8.59 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44.

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.