Islay Capital Management LLC Has $855,000 Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Islay Capital Management LLC decreased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,111 shares of the exchange traded fund’s stock after selling 245 shares during the period. Islay Capital Management LLC’s holdings in Alerian MLP ETF were worth $855,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Strategies LLC raised its position in shares of Alerian MLP ETF by 4.8% during the third quarter. Eagle Strategies LLC now owns 85,320 shares of the exchange traded fund’s stock worth $3,601,000 after purchasing an additional 3,921 shares during the period. Raymond James & Associates raised its position 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 worth $55,523,000 after purchasing an additional 63,053 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $219,000. Aurora Private Wealth Inc. raised its position in shares of Alerian MLP ETF by 2.0% during the fourth quarter. Aurora Private Wealth Inc. now owns 28,729 shares of the exchange traded fund’s stock worth $1,222,000 after purchasing an additional 574 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Alerian MLP ETF by 3,469.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after purchasing an additional 986,683 shares during the period.

Alerian MLP ETF Trading Down 1.3 %

Shares of NYSEARCA AMLP traded down $0.63 during mid-day trading on Tuesday, reaching $47.04. 761,082 shares of the company’s stock were exchanged, compared to its average volume of 1,247,925. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 12.87 and a beta of 0.51. The business has a fifty day simple moving average of $46.77 and a 200 day simple moving average of $44.31. Alerian MLP ETF has a twelve month low of $37.06 and a twelve month high of $48.48.

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.