NEOS MLP & Energy Infrastructure High Income ETF (BATS:MLPI) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Shares of NEOS MLP & Energy Infrastructure High Income ETF (BATS:MLPI) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $52.90 and traded as high as $53.38. NEOS MLP & Energy Infrastructure High Income ETF shares last traded at $52.98, with a volume of 246,230 shares trading hands.

NEOS MLP & Energy Infrastructure High Income ETF Trading Up 0.3%

The business has a fifty day moving average of $52.90 and a 200-day moving average of $54.50.

Hedge Funds Weigh In On NEOS MLP & Energy Infrastructure High Income ETF

Several large investors have recently made changes to their positions in the business. Adirondack Trust Co. bought a new stake in shares of NEOS MLP & Energy Infrastructure High Income ETF in the 3rd quarter worth approximately $36,000. NFSG Corp lifted its stake in NEOS MLP & Energy Infrastructure High Income ETF by 93.9% during the third quarter. NFSG Corp now owns 6,049 shares of the company’s stock valued at $304,000 after purchasing an additional 2,929 shares during the last quarter. Worth Asset Management LLC acquired a new stake in NEOS MLP & Energy Infrastructure High Income ETF during the second quarter valued at approximately $218,000. Finally, Farther Finance Advisors LLC lifted its stake in NEOS MLP & Energy Infrastructure High Income ETF by 49.6% during the third quarter. Farther Finance Advisors LLC now owns 34,386 shares of the company’s stock valued at $1,727,000 after purchasing an additional 11,401 shares during the last quarter.