iPath Select MLP ETN (NYSEARCA:ATMP) Hits New 12-Month High – Here’s Why

Shares of iPath Select MLP ETN (NYSEARCA:ATMP) hit a new 52-week high during trading on Wednesday . The company traded as high as $31.23 and last traded at $31.19, with a volume of 48621 shares trading hands. The stock had previously closed at $31.14.

iPath Select MLP ETN Stock Down 0.5%

The business’s 50 day simple moving average is $29.25 and its two-hundred day simple moving average is $28.79.

iPath Select MLP ETN Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, December 1st were paid a dividend of $0.3981 per share. This is an increase from iPath Select MLP ETN’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 1st. This represents a $1.59 dividend on an annualized basis and a yield of 5.1%.

Institutional Trading of iPath Select MLP ETN

An institutional investor recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. bought a new stake in iPath Select MLP ETN (NYSEARCA:ATMP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,900 shares of the company’s stock, valued at approximately $114,000.

iPath Select MLP ETN Company Profile

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.