Beaumont Asset Management L.L.C. Grows Position in Alerian MLP ETF $AMLP

Beaumont Asset Management L.L.C. boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 5.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,294 shares of the exchange traded fund’s stock after buying an additional 392 shares during the quarter. Beaumont Asset Management L.L.C.’s holdings in Alerian MLP ETF were worth $356,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Alerian MLP ETF by 15.6% during the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after purchasing an additional 437,947 shares during the last quarter. Allen Investment Management LLC increased its position in shares of Alerian MLP ETF by 31.7% during the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after purchasing an additional 740,605 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Alerian MLP ETF by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after purchasing an additional 401,133 shares during the last quarter. Naviter Wealth LLC increased its position in shares of Alerian MLP ETF by 4.1% during the 1st quarter. Naviter Wealth LLC now owns 1,116,240 shares of the exchange traded fund’s stock valued at $58,123,000 after purchasing an additional 43,833 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Alerian MLP ETF by 4.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 705,284 shares of the exchange traded fund’s stock valued at $36,632,000 after purchasing an additional 30,328 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $46.35 on Thursday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The firm has a market cap of $10.16 billion, a PE ratio of 14.17 and a beta of 1.42. The stock has a fifty day moving average price of $47.92 and a 200-day moving average price of $48.47.

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.