Baystate Wealth Management LLC boosted its stake in shares of Alerian MLP (NYSEARCA:AMLP) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,544,712 shares of the exchange traded fund’s stock after acquiring an additional 233,217 shares during the quarter. Alerian MLP comprises about 6.2% of Baystate Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Baystate Wealth Management LLC’s holdings in Alerian MLP were worth $41,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in AMLP. Bank of New York Mellon Corp grew its stake in shares of Alerian MLP by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 317,182 shares of the exchange traded fund’s stock valued at $3,794,000 after buying an additional 22,533 shares during the last quarter. Schroder Investment Management Group bought a new position in Alerian MLP in the second quarter worth approximately $133,000. Lazard Asset Management LLC grew its stake in Alerian MLP by 19.0% in the second quarter. Lazard Asset Management LLC now owns 30,000 shares of the exchange traded fund’s stock worth $358,000 after purchasing an additional 4,800 shares in the last quarter. InterOcean Capital LLC grew its stake in Alerian MLP by 12.6% in the second quarter. InterOcean Capital LLC now owns 1,300,455 shares of the exchange traded fund’s stock worth $15,553,000 after purchasing an additional 145,711 shares in the last quarter. Finally, Sandhill Capital Partners LLC grew its stake in Alerian MLP by 6.5% in the second quarter. Sandhill Capital Partners LLC now owns 990,157 shares of the exchange traded fund’s stock worth $11,842,000 after purchasing an additional 60,704 shares in the last quarter.
Shares of Alerian MLP (NYSEARCA AMLP) traded up $0.21 during trading hours on Tuesday, reaching $11.80. The company had a trading volume of 15,180,000 shares, compared to its average volume of 21,859,643. Alerian MLP has a 52 week low of $9.79 and a 52 week high of $13.31. The company has a market capitalization of $11,370.00 and a PE ratio of 5.73.
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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.
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