Fiduciary Family Office LLC Takes $11.85 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Fiduciary Family Office LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 246,071 shares of the exchange traded fund’s stock, valued at approximately $11,851,000. Alerian MLP ETF accounts for 3.5% of Fiduciary Family Office LLC’s holdings, making the stock its 12th biggest position.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF during the third quarter valued at about $28,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Alerian MLP ETF during the 3rd quarter valued at about $40,000. City State Bank acquired a new position in shares of Alerian MLP ETF in the 4th quarter worth approximately $40,000. ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $41,000. Finally, Advisors Asset Management Inc. acquired a new stake in Alerian MLP ETF during the third quarter valued at approximately $65,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $51.95 on Thursday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $43.02 and a 1-year high of $52.82. The company has a 50 day moving average price of $49.27 and a 200 day moving average price of $47.96.

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.