Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 52-Week Low – Should You Sell?

Alerian MLP ETF (NYSEARCA:AMLP)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.01 and last traded at $44.15, with a volume of 583641 shares changing hands. The stock had previously closed at $47.02.

Alerian MLP ETF Stock Down 2.3 %

The business has a fifty day moving average of $51.56 and a 200 day moving average of $49.55. The firm has a market cap of $9.53 billion, a P/E ratio of 14.02 and a beta of 0.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF in the 4th quarter valued at about $27,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Alerian MLP ETF by 400.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 500 shares during the period. Hurley Capital LLC acquired a new position in shares of Alerian MLP ETF in the fourth quarter valued at approximately $32,000. 1620 Investment Advisors Inc. bought a new position in shares of Alerian MLP ETF during the fourth quarter worth approximately $38,000. Finally, City State Bank acquired a new stake in Alerian MLP ETF during the 4th quarter worth approximately $40,000.

Alerian MLP ETF Company Profile

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.