Mayflower Financial Advisors LLC Raises Stock Holdings in Alerian MLP ETF $AMLP

Mayflower Financial Advisors LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 13.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,769 shares of the exchange traded fund’s stock after buying an additional 10,111 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $4,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Alerian MLP ETF by 15.6% in the first quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after buying an additional 437,947 shares during the period. Allen Investment Management LLC boosted its holdings in Alerian MLP ETF by 31.7% in the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after acquiring an additional 740,605 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Alerian MLP ETF by 18.6% in the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after acquiring an additional 401,133 shares in the last quarter. Naviter Wealth LLC boosted its holdings in Alerian MLP ETF by 17.5% in the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after acquiring an additional 194,949 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Alerian MLP ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock valued at $54,414,000 after acquiring an additional 14,538 shares in the last quarter.

Alerian MLP ETF Stock Up 0.1%

NYSEARCA:AMLP opened at $46.95 on Wednesday. The stock has a market cap of $10.33 billion, a P/E ratio of 14.17 and a beta of 0.70. The firm’s fifty day simple moving average is $47.13 and its 200 day simple moving average is $48.13. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24.

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.