Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $56.07 and last traded at $55.93, with a volume of 86766 shares changing hands. The stock had previously closed at $55.72.
Alerian MLP ETF Price Performance
The business’s fifty day moving average price is $54.40 and its 200-day moving average price is $53.14. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 14.17 and a beta of 0.51.
Hedge Funds Weigh In On Alerian MLP ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new position in shares of Alerian MLP ETF in the 2nd quarter worth about $35,000. Global Trust Asset Management LLC raised its holdings in shares of Alerian MLP ETF by 600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 600 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Alerian MLP ETF in the 4th quarter worth approximately $57,000. Palladiem LLC bought a new stake in Alerian MLP ETF in the 4th quarter worth approximately $60,000. Finally, BROOKFIELD Corp ON bought a new stake in Alerian MLP ETF in the 2nd quarter worth approximately $65,000.
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).
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