Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 52-Week High – Here’s What Happened

Alerian MLP ETF (NYSEARCA:AMLP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $52.65 and last traded at $52.47, with a volume of 1854149 shares. The stock had previously closed at $51.71.

Alerian MLP ETF Trading Up 1.5 %

The firm has a market cap of $9.44 billion, a PE ratio of 13.08 and a beta of 0.48. The business’s 50-day simple moving average is $49.17 and its 200 day simple moving average is $47.93.

Hedge Funds Weigh In On Alerian MLP ETF

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in shares of Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the last quarter. Raymond James & Associates raised its stake in shares of Alerian MLP ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after acquiring an additional 24,674 shares in the last quarter. Stephens Inc. AR lifted its position in Alerian MLP ETF by 2.8% during the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock valued at $46,387,000 after acquiring an additional 26,882 shares during the last quarter. Naviter Wealth LLC boosted its stake in Alerian MLP ETF by 14.2% in the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after acquiring an additional 108,804 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after purchasing an additional 83,961 shares during the last quarter.

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.