Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $54.22 and last traded at $54.04, with a volume of 755884 shares trading hands. The stock had previously closed at $53.62.
Alerian MLP ETF Trading Up 0.6%
The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. The stock has a 50-day moving average price of $52.36 and a 200 day moving average price of $49.52.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. REAP Financial Group LLC lifted its stake in Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 600 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at about $43,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,000 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Alerian MLP ETF in the 4th quarter valued at about $57,000.
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).
Further Reading
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