Violich Capital Management Inc. Buys 18,100 Shares of Alerian MLP ETF $AMLP

Violich Capital Management Inc. grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 271,390 shares of the exchange traded fund’s stock after buying an additional 18,100 shares during the period. Alerian MLP ETF accounts for about 1.5% of Violich Capital Management Inc.’s holdings, making the stock its 14th largest position. Violich Capital Management Inc.’s holdings in Alerian MLP ETF were worth $12,736,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Level Four Advisory Services LLC boosted its stake in Alerian MLP ETF by 1.0% during the second quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock worth $1,003,000 after buying an additional 210 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock worth $397,000 after acquiring an additional 221 shares during the period. Ergawealth Advisors Inc. boosted its position in shares of Alerian MLP ETF by 3.1% during the 2nd quarter. Ergawealth Advisors Inc. now owns 8,437 shares of the exchange traded fund’s stock valued at $412,000 after acquiring an additional 250 shares in the last quarter. MBA Advisors LLC increased its stake in Alerian MLP ETF by 1.1% in the second quarter. MBA Advisors LLC now owns 23,787 shares of the exchange traded fund’s stock valued at $1,162,000 after acquiring an additional 254 shares during the period. Finally, Fountainhead AM LLC raised its position in Alerian MLP ETF by 4.5% in the second quarter. Fountainhead AM LLC now owns 6,057 shares of the exchange traded fund’s stock worth $296,000 after purchasing an additional 259 shares in the last quarter.

Alerian MLP ETF Trading Up 0.4%

NYSEARCA AMLP opened at $49.32 on Monday. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The stock’s 50 day moving average is $47.37 and its two-hundred day moving average is $47.62.

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. 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).