Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $56.07 and last traded at $55.93, with a volume of 86766 shares traded. The stock had previously closed at $55.72.
Alerian MLP ETF Price Performance
The company’s 50 day moving average is $54.58 and its 200 day moving average is $53.21. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 14.17 and a beta of 0.51.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new stake in shares of Alerian MLP ETF during the 2nd quarter worth approximately $35,000. Global Trust Asset Management LLC increased its stake in Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. MCF Advisors LLC acquired a new position in Alerian MLP ETF during the second quarter worth $46,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Alerian MLP ETF during the fourth quarter worth $57,000. Finally, Palladiem LLC purchased a new stake in Alerian MLP ETF during the fourth quarter worth $60,000.
About Alerian MLP ETF
ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).
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