Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 12-Month High – Time to Buy?

Alerian MLP ETF (NYSEARCA:AMLP) shares reached a new 52-week high on Thursday . The company traded as high as $55.22 and last traded at $54.40, with a volume of 1206511 shares. The stock had previously closed at $54.84.

Alerian MLP ETF Price Performance

The firm has a market capitalization of $12.69 billion, a P/E ratio of 14.17 and a beta of 0.52. The stock’s 50 day moving average is $52.76 and its two-hundred day moving average is $50.14.

Institutional Investors Weigh In On Alerian MLP ETF

Institutional investors and hedge funds have recently modified their holdings of the business. REAP Financial Group LLC raised its stake in shares of Alerian MLP ETF by 2,000.0% during the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in Alerian MLP ETF by 600.0% during the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Alerian MLP ETF during the fourth quarter valued at approximately $43,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Alerian MLP ETF by 800.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares during the period. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Alerian MLP ETF during the fourth quarter worth $57,000.

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. 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).