Alerian MLP ETF (NYSEARCA:AMLP) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Alerian MLP ETF (NYSEARCA:AMLP) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $53.90 and traded as high as $54.20. Alerian MLP ETF shares last traded at $54.06, with a volume of 931,363 shares changing hands.

Alerian MLP ETF Stock Up 0.4%

The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 14.17 and a beta of 0.54. The business has a fifty day simple moving average of $53.90 and a two-hundred day simple moving average of $52.84.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cowa LLC lifted its holdings in Alerian MLP ETF by 1.9% during the 3rd quarter. Cowa LLC now owns 76,162 shares of the exchange traded fund’s stock worth $3,951,000 after purchasing an additional 1,448 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Alerian MLP ETF by 10.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 79,867 shares of the exchange traded fund’s stock valued at $4,244,000 after buying an additional 7,629 shares in the last quarter. Provenance Wealth Advisors LLC grew its position in Alerian MLP ETF by 2.1% during the third quarter. Provenance Wealth Advisors LLC now owns 12,128 shares of the exchange traded fund’s stock valued at $629,000 after acquiring an additional 248 shares during the last quarter. Putney Financial Group LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $113,000. Finally, Integrity Advisory Solutions LLC grew its holdings in shares of Alerian MLP ETF by 10.9% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 7,692 shares of the exchange traded fund’s stock valued at $399,000 after purchasing an additional 755 shares during the last quarter.

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).