Train Babcock Advisors LLC Takes $4.42 Million Position in Alerian MLP (AMLP)

Train Babcock Advisors LLC purchased a new position in shares of Alerian MLP (NYSEARCA:AMLP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 409,367 shares of the exchange traded fund’s stock, valued at approximately $4,417,000. Alerian MLP accounts for 1.9% of Train Babcock Advisors LLC’s portfolio, making the stock its 14th largest holding.

Other large investors also recently bought and sold shares of the company. Chickasaw Capital Management LLC increased its position in shares of Alerian MLP by 1,113.3% in the fourth quarter. Chickasaw Capital Management LLC now owns 4,006,800 shares of the exchange traded fund’s stock worth $43,233,000 after acquiring an additional 3,676,570 shares in the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of Alerian MLP in the third quarter worth $1,868,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Alerian MLP in the third quarter worth $1,982,000. Wealthsource Partners LLC increased its position in shares of Alerian MLP by 17.1% in the third quarter. Wealthsource Partners LLC now owns 68,408 shares of the exchange traded fund’s stock worth $768,000 after acquiring an additional 9,968 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of Alerian MLP by 549.4% in the third quarter. Salem Investment Counselors Inc. now owns 149,030 shares of the exchange traded fund’s stock worth $1,680,000 after acquiring an additional 126,080 shares in the last quarter.

Alerian MLP (AMLP) traded up $0.06 during trading on Wednesday, hitting $11.47. 17,016,900 shares of the stock traded hands, compared to its average volume of 21,508,984. Alerian MLP has a 52 week low of $9.79 and a 52 week high of $13.31. The firm has a market capitalization of $10,970.00 and a price-to-earnings ratio of 5.57.

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Alerian MLP 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.

Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP (NYSEARCA:AMLP).

Institutional Ownership by Quarter for Alerian MLP (NYSEARCA:AMLP)

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