Tandem Financial LLC Takes Position in Alerian MLP ETF (NYSEARCA:AMLP)

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

Several other hedge funds also recently modified their holdings of AMLP. Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF during the 4th quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF during the third quarter valued at $28,000. City State Bank purchased a new stake in Alerian MLP ETF in the 4th quarter worth about $40,000. ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $41,000. Finally, Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF during the 3rd quarter valued at $65,000.

Alerian MLP ETF Trading Down 1.3 %

Shares of NYSEARCA:AMLP opened at $52.35 on Friday. The stock has a market cap of $9.42 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $43.02 and a 12 month high of $53.24. The company has a 50 day moving average of $49.96 and a 200 day moving average of $48.23.

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.