Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Trading Up 1.2% – Still a Buy?

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR)’s share price shot up 1.2% on Tuesday . The stock traded as high as $38.69 and last traded at $38.39. 111,344 shares traded hands during trading, an increase of 19% from the average session volume of 93,453 shares. The stock had previously closed at $37.93.

Alerian Energy Infrastructure ETF Stock Up 1.2%

The firm has a 50 day moving average price of $36.65 and a two-hundred day moving average price of $33.20. The company has a market capitalization of $446.09 million, a price-to-earnings ratio of 18.78 and a beta of 0.74.

Alerian Energy Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were paid a dividend of $0.3924 per share. This is a boost from Alerian Energy Infrastructure ETF’s previous quarterly dividend of $0.38. This represents a $1.57 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Wednesday, February 11th.

Institutional Trading of Alerian Energy Infrastructure ETF

Several large investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in shares of Alerian Energy Infrastructure ETF by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock valued at $5,249,000 after acquiring an additional 41,808 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Alerian Energy Infrastructure ETF during the third quarter valued at about $1,413,000. NewEdge Advisors LLC grew its stake in shares of Alerian Energy Infrastructure ETF by 17.3% during the first quarter. NewEdge Advisors LLC now owns 39,278 shares of the company’s stock valued at $1,287,000 after acquiring an additional 5,799 shares in the last quarter. Bulwark Capital Corp grew its stake in shares of Alerian Energy Infrastructure ETF by 110.8% during the fourth quarter. Bulwark Capital Corp now owns 16,564 shares of the company’s stock valued at $521,000 after acquiring an additional 8,708 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Alerian Energy Infrastructure ETF during the third quarter valued at about $49,000.

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.