Alerian MLP ETF $AMLP Shares Acquired by Hilton Capital Management LLC

Hilton Capital Management LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 39.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,754 shares of the exchange traded fund’s stock after purchasing an additional 96,100 shares during the quarter. Alerian MLP ETF comprises approximately 1.2% of Hilton Capital Management LLC’s portfolio, making the stock its 15th biggest position. Hilton Capital Management LLC owned approximately 0.14% of Alerian MLP ETF worth $17,564,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC grew its position in shares of Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 600 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Alerian MLP ETF in the fourth quarter valued at $57,000. Palladiem LLC purchased a new stake in Alerian MLP ETF in the fourth quarter valued at $60,000. Finally, BROOKFIELD Corp ON purchased a new stake in Alerian MLP ETF in the second quarter valued at $65,000.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $54.96 on Friday. The stock’s 50-day moving average is $53.18 and its two-hundred day moving average is $52.59. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.66.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).