Shares of iPath Select MLP ETN (NYSEARCA:ATMP – Get Free Report) fell 0.7% during mid-day trading on Wednesday . The company traded as low as $33.64 and last traded at $33.71. 18,364 shares changed hands during trading, a decline of 30% from the average session volume of 26,370 shares. The stock had previously closed at $33.94.
iPath Select MLP ETN Trading Down 0.7%
The business has a 50-day simple moving average of $34.58 and a 200-day simple moving average of $32.48.
iPath Select MLP ETN Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were given a dividend of $0.4088 per share. This is an increase from iPath Select MLP ETN’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, May 29th.
Hedge Funds Weigh In On iPath Select MLP ETN
About iPath Select MLP ETN
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.
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