Sterling Investment Management LLC Increases Stock Position in Alerian MLP ETF $AMLP

Sterling Investment Management LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 36.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,682 shares of the exchange traded fund’s stock after acquiring an additional 17,466 shares during the period. Alerian MLP ETF accounts for about 2.1% of Sterling Investment Management LLC’s holdings, making the stock its 16th biggest position. Sterling Investment Management LLC’s holdings in Alerian MLP ETF were worth $3,209,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMLP. Brighton Jones LLC grew its position in shares of Alerian MLP ETF by 19.4% during the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Alerian MLP ETF by 153.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,437 shares of the exchange traded fund’s stock worth $646,000 after acquiring an additional 7,531 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Alerian MLP ETF by 69.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 446,713 shares of the exchange traded fund’s stock valued at $23,202,000 after buying an additional 183,718 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Alerian MLP ETF by 7.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 89,570 shares of the exchange traded fund’s stock valued at $4,652,000 after buying an additional 6,114 shares during the last quarter. Finally, Spirepoint Private Client LLC grew its position in Alerian MLP ETF by 10.3% in the 1st quarter. Spirepoint Private Client LLC now owns 309,897 shares of the exchange traded fund’s stock valued at $16,096,000 after buying an additional 28,910 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $46.25 on Wednesday. The firm’s fifty day moving average price is $47.26 and its 200 day moving average price is $48.09. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42.

About Alerian MLP ETF

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.