Alerian MLP ETF (NYSEARCA:AMLP) Sets New 1-Year High – Still a Buy?

Shares of Alerian MLP ETF (NYSEARCA:AMLP) reached a new 52-week high during trading on Tuesday . The stock traded as high as $55.66 and last traded at $55.63, with a volume of 952223 shares changing hands. The stock had previously closed at $55.05.

Alerian MLP ETF Stock Up 0.9%

The firm has a 50-day moving average of $53.02 and a two-hundred day moving average of $52.46. The company has a market capitalization of $13.06 billion, a PE ratio of 14.17 and a beta of 0.50.

Institutional Trading of Alerian MLP ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Trust Asset Management LLC increased its position in shares of 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 acquiring an additional 600 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at approximately $43,000. Whittier Trust Co. of Nevada Inc. raised its position 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 valued at $53,000 after purchasing an additional 1,000 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Alerian MLP ETF during the fourth quarter worth $57,000. Finally, Palladiem LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter worth $60,000.

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).