iPath Select MLP ETN (NYSEARCA:ATMP) Reaches New 52-Week High – Should You Buy?

iPath Select MLP ETN (NYSEARCA:ATMPGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $36.86 and last traded at $36.86, with a volume of 4360 shares. The stock had previously closed at $36.53.

iPath Select MLP ETN Trading Up 0.5%

The firm’s 50-day moving average price is $35.08 and its two-hundred day moving average price is $33.58.

iPath Select MLP ETN Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were paid a dividend of $0.4088 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.5%. This is a boost from iPath Select MLP ETN’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Trading of iPath Select MLP ETN

An institutional investor recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. acquired a new position in shares of iPath Select MLP ETN (NYSEARCA:ATMPFree Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,900 shares of the company’s stock, valued at approximately $114,000.

iPath Select MLP ETN Company Profile

(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.

See Also

Receive News & Ratings for iPath Select MLP ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPath Select MLP ETN and related companies with MarketBeat.com's FREE daily email newsletter.