InfraCap MLP ETF (NYSEARCA:AMZA) Shares Down 0.1% – Should You Sell?

Shares of InfraCap MLP ETF (NYSEARCA:AMZA) traded down 0.1% on Wednesday . The company traded as low as $39.31 and last traded at $39.61. 15,051 shares were traded during mid-day trading, a decline of 60% from the average session volume of 37,947 shares. The stock had previously closed at $39.63.

InfraCap MLP ETF Stock Down 0.1%

The company has a 50-day moving average of $39.52 and a 200-day moving average of $41.22. The company has a market cap of $382.63 million, a PE ratio of 14.90 and a beta of 0.95.

Institutional Trading of InfraCap MLP ETF

Several institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its position in shares of InfraCap MLP ETF by 24.5% during the third quarter. CoreCap Advisors LLC now owns 2,014 shares of the company’s stock valued at $81,000 after purchasing an additional 396 shares in the last quarter. JPMorgan Chase & Co. grew its stake in InfraCap MLP ETF by 20.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,751 shares of the company’s stock valued at $151,000 after purchasing an additional 633 shares during the period. Finally, NewEdge Advisors LLC grew its position in InfraCap MLP ETF by 2.3% during 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 during the period. 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.