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

Violich Capital Management Inc. lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,790 shares of the exchange traded fund’s stock after purchasing an additional 57,500 shares during the quarter. Alerian MLP ETF accounts for 1.8% of Violich Capital Management Inc.’s portfolio, making the stock its 14th largest position. Violich Capital Management Inc.’s holdings in Alerian MLP ETF were worth $13,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC boosted its position in shares of Alerian MLP ETF by 38.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 9,088 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Alerian MLP ETF by 532.8% during the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after purchasing an additional 16,560 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Alerian MLP ETF during the third quarter worth $65,000. Armstrong Advisory Group Inc. boosted its position in shares of Alerian MLP ETF by 17.2% during the third quarter. Armstrong Advisory Group Inc. now owns 7,752 shares of the exchange traded fund’s stock worth $365,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Alerian MLP ETF by 123.2% during the third quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after purchasing an additional 25,090 shares in the last quarter.

Alerian MLP ETF Trading Up 0.9 %

AMLP opened at $52.63 on Tuesday. The stock has a market capitalization of $9.47 billion, a P/E 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 firm’s fifty day simple moving average is $50.01 and its 200 day simple moving average is $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.