Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Price Up 0.2% – Here’s Why

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) shares traded up 0.2% during mid-day trading on Tuesday . The stock traded as high as $37.94 and last traded at $37.55. 46,197 shares were traded during mid-day trading, a decline of 48% from the average session volume of 89,157 shares. The stock had previously closed at $37.46.

Alerian Energy Infrastructure ETF Stock Up 1.8%

The stock’s 50-day simple moving average is $34.91 and its 200 day simple moving average is $32.55. The company has a market cap of $405.77 million, a price-to-earnings ratio of 18.78 and a beta of 0.81.

Alerian Energy Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were issued a $0.3924 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $1.57 annualized dividend and a dividend yield of 4.1%. This is an increase from Alerian Energy Infrastructure ETF’s previous quarterly dividend of $0.38.

Institutional Trading of Alerian Energy Infrastructure ETF

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in Alerian Energy Infrastructure ETF by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock worth $5,249,000 after purchasing an additional 41,808 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Alerian Energy Infrastructure ETF in the third quarter valued at $1,413,000. NewEdge Advisors LLC raised its holdings in shares of Alerian Energy Infrastructure ETF by 17.3% in the 1st quarter. NewEdge Advisors LLC now owns 39,278 shares of the company’s stock valued at $1,287,000 after buying an additional 5,799 shares during the period. Bulwark Capital Corp raised its holdings in shares of Alerian Energy Infrastructure ETF by 110.8% in the 4th quarter. Bulwark Capital Corp now owns 16,564 shares of the company’s stock valued at $521,000 after buying an additional 8,708 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in Alerian Energy Infrastructure ETF during the 3rd quarter worth about $49,000.

Alerian Energy Infrastructure ETF Company Profile

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.