Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,925 shares of the exchange traded fund’s stock after acquiring an additional 8,770 shares during the period. Alerian MLP ETF makes up approximately 2.6% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 9th largest position. Shikiar Asset Management Inc. owned about 0.11% of Alerian MLP ETF worth $9,677,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Hilton Capital Management LLC bought a new stake in shares of Alerian MLP ETF during the 3rd quarter worth approximately $31,562,000. EP Wealth Advisors LLC lifted its stake in Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after purchasing an additional 506,582 shares during the last quarter. School Employees Retirement Board of Ohio acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at $14,643,000. LPL Financial LLC increased its stake in shares of Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Alerian MLP ETF by 233.3% during the 2nd quarter. NewEdge Advisors LLC now owns 375,554 shares of the exchange traded fund’s stock worth $18,019,000 after buying an additional 262,884 shares in the last quarter.

Alerian MLP ETF Stock Up 0.4 %

NYSEARCA:AMLP opened at $51.71 on Friday. Alerian MLP ETF has a twelve month low of $42.25 and a twelve month high of $51.75. The stock’s 50-day simple moving average is $49.01 and its 200 day simple moving average is $47.88. The firm has a market capitalization of $9.30 billion, a PE ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Company 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.