iPath Select MLP ETN (NYSEARCA:ATMP) Hits New 1-Year High – What’s Next?

iPath Select MLP ETN (NYSEARCA:ATMPGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.23 and last traded at $34.97, with a volume of 10743 shares traded. The stock had previously closed at $34.59.

iPath Select MLP ETN Stock Performance

The company has a 50-day moving average of $32.65 and a two-hundred day moving average of $29.95.

iPath Select MLP ETN Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were given a dividend of $0.3929 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.57 annualized dividend and a yield of 4.5%.

Institutional Trading of iPath Select MLP ETN

A hedge fund recently bought a new stake in iPath Select MLP ETN stock. JPMorgan Chase & Co. bought a new position in iPath Select MLP ETN (NYSEARCA:ATMPFree Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,900 shares of the company’s stock, valued at approximately $114,000.

About iPath Select MLP ETN

(Get Free Report)

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.

Further Reading

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