Mayflower Financial Advisors LLC Boosts Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Mayflower Financial Advisors LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 20.8% in the fourth quarter, HoldingsChannel.com reports. 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 reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AMLP. Cypress Wealth Services LLC boosted its stake in shares of Alerian MLP ETF by 3.7% in the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock valued at $284,000 after purchasing an additional 217 shares during the period. Retirement Planning Group LLC increased its stake in Alerian MLP ETF by 2.9% during the 3rd quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after buying an additional 218 shares during the period. Opal Wealth Advisors LLC lifted its holdings in Alerian MLP ETF by 2.7% in the 3rd quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock worth $432,000 after buying an additional 242 shares in the last quarter. Mach 1 Financial Group LLC boosted its position in Alerian MLP ETF by 2.4% in the 3rd quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 244 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of Alerian MLP ETF by 1.7% during the third quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock valued at $764,000 after acquiring an additional 265 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $51.76 on Wednesday. The firm has a market cap of $9.31 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 stock’s 50-day simple moving average is $49.57 and its 200-day simple moving average is $48.05.

About Alerian MLP ETF

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.