Gilman Hill Asset Management LLC Has $230,000 Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Gilman Hill Asset Management LLC lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 17.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,850 shares of the exchange traded fund’s stock after selling 1,040 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Alerian MLP ETF were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in Alerian MLP ETF by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after buying an additional 619,287 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Alerian MLP ETF by 6.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,415,927 shares of the exchange traded fund’s stock valued at $60,205,000 after acquiring an additional 87,714 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Alerian MLP ETF by 5.1% in the fourth quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock valued at $55,523,000 after buying an additional 63,053 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Alerian MLP ETF in the fourth quarter worth approximately $51,416,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Alerian MLP ETF by 58.4% during the third quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock valued at $43,522,000 after purchasing an additional 380,025 shares in the last quarter.

Alerian MLP ETF Stock Up 0.2 %

AMLP opened at $47.65 on Wednesday. The company’s 50-day moving average price is $46.52 and its two-hundred day moving average price is $45.38. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $37.95 and a twelve month high of $48.48.

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.