Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Price Down 0.3% – What’s Next?

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) was down 0.3% during trading on Thursday . The stock traded as low as $39.06 and last traded at $39.12. Approximately 67,752 shares were traded during trading, a decline of 21% from the average session volume of 86,191 shares. The stock had previously closed at $39.22.

Alerian Energy Infrastructure ETF Price Performance

The business’s fifty day moving average price is $38.87 and its 200 day moving average price is $37.80. The stock has a market cap of $514.43 million, a P/E ratio of 18.78 and a beta of 0.60.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in Alerian Energy Infrastructure ETF in the third quarter valued at approximately $49,000. Bank of New York Mellon Corp acquired a new position in shares of Alerian Energy Infrastructure ETF during the first quarter worth $528,000. NewEdge Advisors LLC increased its holdings in shares of Alerian Energy Infrastructure ETF by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,577 shares of the company’s stock worth $899,000 after buying an additional 2,742 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Alerian Energy Infrastructure ETF by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock valued at $5,249,000 after acquiring an additional 41,808 shares during the last quarter.

About Alerian Energy Infrastructure ETF

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.