iPath Select MLP ETN (NYSEARCA:ATMP) Shares Down 0.7% – Here’s What Happened

iPath Select MLP ETN (NYSEARCA:ATMP)’s share price fell 0.7% during trading on Wednesday . The stock traded as low as $33.64 and last traded at $33.71. 18,364 shares traded hands during trading, a decline of 30% from the average session volume of 26,370 shares. The stock had previously closed at $33.94.

iPath Select MLP ETN Trading Down 0.7%

The firm has a fifty day moving average of $34.58 and a 200 day moving average of $32.48.

iPath Select MLP ETN Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were issued a dividend of $0.4088 per share. This represents a $1.64 annualized dividend and a yield of 4.9%. This is a positive change from iPath Select MLP ETN’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Trading of iPath Select MLP ETN

An institutional investor recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. purchased a new position in shares of iPath Select MLP ETN (NYSEARCA:ATMP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,900 shares of the company’s stock, valued at approximately $114,000.

iPath Select MLP ETN Company Profile

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.