iPath Select MLP ETN (NYSEARCA:ATMP) Sees Strong Trading Volume – Here’s Why

iPath Select MLP ETN (NYSEARCA:ATMP) saw unusually-strong trading volume on Thursday . Approximately 36,838 shares were traded during mid-day trading, an increase of 57% from the previous session’s volume of 23,410 shares.The stock last traded at $30.1090 and had previously closed at $29.88.

iPath Select MLP ETN Trading Up 1.1%

The business has a fifty day simple moving average of $28.90 and a 200 day simple moving average of $28.68.

iPath Select MLP ETN Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were given a $0.3981 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from iPath Select MLP ETN’s previous quarterly dividend of $0.38. This represents a $1.59 annualized dividend and a yield of 5.3%.

Hedge Funds Weigh In On iPath Select MLP ETN

An institutional investor recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. bought a new position in shares of iPath Select MLP ETN (NYSEARCA:ATMP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,900 shares of the company’s stock, valued at approximately $114,000.

About iPath Select MLP ETN

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.