220,000 Shares in Alerian MLP ETF (NYSEARCA:AMLP) Acquired by Truffle Hound Capital LLC

Truffle Hound Capital LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, HoldingsChannel reports. The fund purchased 220,000 shares of the exchange traded fund’s stock, valued at approximately $10,595,000. Alerian MLP ETF comprises 3.7% of Truffle Hound Capital LLC’s portfolio, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. 1620 Investment Advisors Inc. acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $38,000. Gutierrez Wealth Advisory LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $340,000. Douglass Winthrop Advisors LLC grew its holdings in shares of Alerian MLP ETF by 41.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 10,000 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 2,945 shares during the period. Holderness Investments Co. acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $361,000. Finally, Berkeley Capital Partners LLC grew its holdings in shares of Alerian MLP ETF by 2.0% in the 4th quarter. Berkeley Capital Partners LLC now owns 61,909 shares of the exchange traded fund’s stock worth $2,982,000 after acquiring an additional 1,209 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $51.60 on Friday. The business’s fifty day moving average price is $51.56 and its two-hundred day moving average price is $49.20. The stock has a market cap of $10.63 billion, a PE ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 12th. This is a boost from Alerian MLP ETF’s previous dividend of $0.94.

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.