Horizon Kinetics Asset Management LLC Raises Position in Alerian MLP ETF (NYSEARCA:AMLP)

Horizon Kinetics Asset Management LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 57,727 shares of the exchange traded fund’s stock after purchasing an additional 2,230 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Alerian MLP ETF were worth $2,721,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMLP. Hilton Capital Management LLC purchased a new stake in Alerian MLP ETF during the 3rd quarter valued at $31,562,000. Cetera Investment Advisers increased its stake in shares of Alerian MLP ETF by 470.3% in the 1st quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock worth $20,979,000 after purchasing an additional 364,516 shares in the last quarter. Blair William & Co. IL lifted its holdings in Alerian MLP ETF by 260.0% during the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after purchasing an additional 350,196 shares in the last quarter. School Employees Retirement Board of Ohio purchased a new stake in shares of Alerian MLP ETF in the third quarter worth $14,643,000. Finally, LPL Financial LLC lifted its stake in shares of Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $49.95 on Monday. The stock has a fifty day simple moving average of $47.45 and a two-hundred day simple moving average of $47.11. Alerian MLP ETF has a 52-week low of $41.06 and a 52-week high of $49.95. The firm has a market capitalization of $8.99 billion, a PE ratio of 13.08 and a beta of 0.48.

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.