Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,721 shares of the exchange traded fund’s stock after buying an additional 12,175 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $3,406,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Alerian MLP ETF by 13.0% during 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. Raymond James & Associates lifted its position in shares of Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Alerian MLP ETF by 2.8% during the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after purchasing an additional 26,882 shares in the last quarter. Naviter Wealth LLC boosted its stake in shares of Alerian MLP ETF by 14.2% in the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after purchasing an additional 108,804 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares in the last quarter.

Alerian MLP ETF Stock Up 1.3 %

Alerian MLP ETF stock opened at $51.76 on Wednesday. The company’s 50 day moving average is $49.57 and its two-hundred day moving average is $48.05. The firm has a market cap of $9.31 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $52.82.

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.