Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Trading Down 0.5% – What’s Next?

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR)’s stock price was down 0.5% on Tuesday . The company traded as low as $39.49 and last traded at $39.85. 86,932 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 83,648 shares. The stock had previously closed at $40.06.

Alerian Energy Infrastructure ETF Stock Up 0.5%

The stock has a market capitalization of $505.10 million, a PE ratio of 18.78 and a beta of 0.60. The stock’s 50-day moving average is $38.82 and its 200 day moving average is $36.95.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

A number of institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of Alerian Energy Infrastructure ETF by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock worth $5,249,000 after purchasing an additional 41,808 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Alerian Energy Infrastructure ETF in the first quarter valued at $528,000. NewEdge Advisors LLC increased its position in Alerian Energy Infrastructure ETF by 10.6% in the 4th quarter. NewEdge Advisors LLC now owns 28,577 shares of the company’s stock valued at $899,000 after acquiring an additional 2,742 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Alerian Energy Infrastructure ETF in the third quarter valued at approximately $49,000. Finally, Sound Income Strategies LLC bought a new position in Alerian Energy Infrastructure ETF in the 4th quarter worth approximately $47,000.

Alerian Energy Infrastructure ETF Company Profile

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.