HL Financial Services LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,240 shares of the exchange traded fund’s stock after acquiring an additional 26,511 shares during the period. HL Financial Services LLC’s holdings in Alerian MLP ETF were worth $1,925,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in AMLP. Sadoff Investment Management LLC acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $108,000. Avestar Capital LLC acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $110,000. GWM Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $112,000. JNBA Financial Advisors acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $113,000. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $114,000.
Alerian MLP ETF stock opened at $9.93 on Friday. Alerian MLP ETF has a 52 week low of $9.01 and a 52 week high of $11.89.
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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.
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