Shares of Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $55.98 and last traded at $55.82, with a volume of 56224 shares changing hands. The stock had previously closed at $55.59.
Alerian MLP ETF Trading Down 0.1%
The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The stock has a fifty day moving average price of $54.15 and a 200-day moving average price of $53.05.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management bought a new position in shares of Alerian MLP ETF during the second quarter valued at $35,000. Global Trust Asset Management LLC boosted its stake in shares of Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $57,000. Palladiem LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $60,000. Finally, BROOKFIELD Corp ON acquired a new stake in shares of Alerian MLP ETF during the 2nd quarter worth about $65,000.
About Alerian MLP ETF
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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