InfraCap MLP ETF (NYSEARCA:AMZA) Stock Price Down 0.9% – Here’s Why

InfraCap MLP ETF (NYSEARCA:AMZA)’s stock price dropped 0.9% during trading on Monday . The company traded as low as $44.55 and last traded at $45.08. 28,441 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 45,903 shares. The stock had previously closed at $45.50.

InfraCap MLP ETF Trading Down 0.9%

The stock’s fifty day moving average price is $46.40 and its two-hundred day moving average price is $44.16. The firm has a market capitalization of $439.08 million, a price-to-earnings ratio of 14.90 and a beta of 0.66.

Hedge Funds Weigh In On InfraCap MLP ETF

Several large investors have recently bought and sold shares of AMZA. NewEdge Advisors LLC raised its stake in InfraCap MLP ETF by 2.3% in the third quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock valued at $2,479,000 after buying an additional 1,395 shares in the last quarter. JPMorgan Chase & Co. increased its stake in InfraCap MLP ETF by 60.5% in the second quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock valued at $135,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in InfraCap MLP ETF during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 7.34% of the company’s stock.

InfraCap MLP ETF Company Profile

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.