InfraCap MLP ETF (NYSEARCA:AMZA) Shares Down 0.9% – Here’s Why

InfraCap MLP ETF (NYSEARCA:AMZA) traded down 0.9% on Monday . The company traded as low as $44.55 and last traded at $45.08. Approximately 28,441 shares changed hands during trading, a decline of 38% from the average daily volume of 45,903 shares. The stock had previously closed at $45.50.

InfraCap MLP ETF Stock Performance

The business has a 50-day moving average of $46.40 and a 200-day moving average of $44.16. The stock has a market capitalization of $439.08 million, a price-to-earnings ratio of 14.90 and a beta of 0.66.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMZA. Aventura Private Wealth LLC purchased a new position in InfraCap MLP ETF during the 4th quarter valued at about $37,000. JPMorgan Chase & Co. increased its stake in InfraCap MLP ETF by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 3,751 shares of the company’s stock worth $151,000 after purchasing an additional 633 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of InfraCap MLP ETF by 2.3% during the third quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after purchasing an additional 1,395 shares in the last quarter. Hedge funds and other 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.