Tandem Financial LLC Purchases New Shares in Alerian MLP ETF (NYSEARCA:AMLP)

Tandem Financial LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,363 shares of the exchange traded fund’s stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilton Capital Management LLC bought a new position in Alerian MLP ETF in the 3rd quarter worth about $31,562,000. EP Wealth Advisors LLC boosted its stake in shares of Alerian MLP ETF by 10,423.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after acquiring an additional 506,582 shares during the last quarter. School Employees Retirement Board of Ohio purchased a new position in Alerian MLP ETF during the third quarter valued at $14,643,000. LPL Financial LLC increased its holdings in Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares in the last quarter. Finally, Crescent Grove Advisors LLC bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at $12,868,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $52.35 on Friday. The firm’s fifty day moving average is $49.96 and its two-hundred day moving average is $48.23. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $53.24. The company has a market cap of $9.42 billion, a P/E ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Company 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.