Shares of iPath Select MLP ETN (BATS:ATMP – Get Free Report) dropped 3% on Monday. The stock traded as low as $35.72 and last traded at $35.72. 4,286 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 21,113 shares. The stock had previously closed at $36.83.
iPath Select MLP ETN Trading Down 3.0%
The company has a 50 day moving average price of $35.86 and a 200 day moving average price of $34.64.
iPath Select MLP ETN Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.60 annualized dividend and a yield of 4.5%. This is a decrease from iPath Select MLP ETN’s previous quarterly dividend of $0.4088.
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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