Hilton Capital Management LLC Purchases 35,903 Shares of Alerian MLP ETF $AMLP

Hilton Capital Management LLC lifted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 16.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,629 shares of the exchange traded fund’s stock after acquiring an additional 35,903 shares during the quarter. Alerian MLP ETF accounts for 1.0% of Hilton Capital Management LLC’s portfolio, making the stock its 23rd largest position. Hilton Capital Management LLC owned about 0.12% of Alerian MLP ETF worth $12,343,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMLP. IHT Wealth Management LLC boosted its position in shares of Alerian MLP ETF by 33.3% during the second quarter. IHT Wealth Management LLC now owns 11,422 shares of the exchange traded fund’s stock valued at $558,000 after buying an additional 2,852 shares during the period. Great Valley Advisor Group Inc. raised its holdings in shares of Alerian MLP ETF by 44.4% in the second quarter. Great Valley Advisor Group Inc. now owns 10,016 shares of the exchange traded fund’s stock worth $489,000 after buying an additional 3,081 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Alerian MLP ETF by 0.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 531,882 shares of the exchange traded fund’s stock worth $25,988,000 after acquiring an additional 1,380 shares during the last quarter. Curi Capital LLC purchased a new position in Alerian MLP ETF during the 2nd quarter valued at $572,000. Finally, Benjamin Edwards Inc. boosted its holdings in Alerian MLP ETF by 9.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 25,742 shares of the exchange traded fund’s stock valued at $1,258,000 after acquiring an additional 2,234 shares during the period.

Alerian MLP ETF Stock Up 0.2%

AMLP stock opened at $47.41 on Friday. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The business’s fifty day simple moving average is $46.78 and its two-hundred day simple moving average is $47.82.

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.