Alerian MLP ETF (NYSEARCA:AMLP) Hits New 12-Month High – Here’s Why

Alerian MLP ETF (NYSEARCA:AMLP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $52.80 and last traded at $52.5130, with a volume of 222727 shares. The stock had previously closed at $52.04.

Alerian MLP ETF Price Performance

The company’s 50-day simple moving average is $49.41 and its 200-day simple moving average is $47.95. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were issued a $1.01 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $4.04 dividend on an annualized basis and a yield of 7.7%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

Institutional Trading of Alerian MLP ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its stake in Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after purchasing an additional 7,280 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Alerian MLP ETF by 44.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 10,353 shares of the exchange traded fund’s stock worth $506,000 after buying an additional 3,195 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Alerian MLP ETF by 33.8% in the second quarter. Arkadios Wealth Advisors now owns 22,379 shares of the exchange traded fund’s stock worth $1,093,000 after buying an additional 5,657 shares during the last quarter. Assetmark Inc. raised its holdings in Alerian MLP ETF by 227,571.4% in the second quarter. Assetmark Inc. now owns 63,748 shares of the exchange traded fund’s stock valued at $3,115,000 after acquiring an additional 63,720 shares in the last quarter. Finally, TIAA Trust National Association boosted its stake in Alerian MLP ETF by 8.1% during the 2nd quarter. TIAA Trust National Association now owns 982,685 shares of the exchange traded fund’s stock valued at $48,062,000 after acquiring an additional 73,243 shares during the last quarter.

Alerian MLP ETF Company 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).