Violich Capital Management Inc. Buys 57,500 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Violich Capital Management Inc. lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 282,790 shares of the exchange traded fund’s stock after buying an additional 57,500 shares during the period. Alerian MLP ETF comprises 1.8% of Violich Capital Management Inc.’s portfolio, making the stock its 14th biggest holding. Violich Capital Management Inc. owned approximately 0.16% of Alerian MLP ETF worth $13,619,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMLP. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Alerian MLP ETF in the third quarter valued at about $28,000. City State Bank bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $40,000. ORG Wealth Partners LLC bought a new position in Alerian MLP ETF during the third quarter worth about $41,000. Finally, Advisors Asset Management Inc. bought a new position in Alerian MLP ETF during the third quarter worth about $65,000.

Alerian MLP ETF Stock Up 0.9 %

Shares of AMLP opened at $52.63 on Tuesday. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $43.29 and a 12 month high of $53.24. The company has a 50-day moving average price of $50.01 and a two-hundred day moving average price of $48.28.

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.