Truffle Hound Capital LLC Takes $10.60 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Truffle Hound Capital LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 investment portfolio, making the stock its 4th largest position. Truffle Hound Capital LLC owned 0.12% of Alerian MLP ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMLP. 1620 Investment Advisors Inc. purchased a new stake in Alerian MLP ETF during the 4th quarter valued at approximately $38,000. Gutierrez Wealth Advisory LLC purchased a new stake in Alerian MLP ETF during the 4th quarter valued at approximately $340,000. Douglass Winthrop Advisors LLC raised its stake in Alerian MLP ETF by 41.7% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 10,000 shares of the exchange traded fund’s stock valued at $482,000 after acquiring an additional 2,945 shares during the last quarter. Holderness Investments Co. purchased a new stake in Alerian MLP ETF during the 4th quarter valued at approximately $361,000. Finally, Berkeley Capital Partners LLC raised its stake in Alerian MLP ETF by 2.0% during the 4th quarter. Berkeley Capital Partners LLC now owns 61,909 shares of the exchange traded fund’s stock valued at $2,982,000 after acquiring an additional 1,209 shares during the last quarter.

Alerian MLP ETF Trading Down 1.2 %

Shares of AMLP stock opened at $51.60 on Friday. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. The stock has a 50 day simple moving average of $51.56 and a 200-day simple moving average of $49.20. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.