Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 52-Week High – Here’s What Happened

Alerian MLP ETF (NYSEARCA:AMLP)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $55.66 and last traded at $55.63, with a volume of 952223 shares changing hands. The stock had previously closed at $55.05.

Alerian MLP ETF Price Performance

The company has a market capitalization of $13.06 billion, a PE ratio of 14.17 and a beta of 0.50. The stock’s 50 day simple moving average is $53.02 and its 200-day simple moving average is $52.46.

Hedge Funds Weigh In On Alerian MLP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC grew its stake in shares of Alerian MLP ETF by 20.3% during the fourth quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock worth $8,663,000 after purchasing an additional 31,089 shares in the last quarter. Transcend Capital Advisors LLC grew its position in Alerian MLP ETF by 24.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 170,189 shares of the exchange traded fund’s stock worth $8,002,000 after purchasing an additional 33,268 shares during the last quarter. Greenspring Advisors LLC acquired a new position in shares of Alerian MLP ETF in the fourth quarter valued at approximately $1,622,000. Cary Street Partners Financial LLC raised its holdings in Alerian MLP ETF by 19.1% during the fourth quarter. Cary Street Partners Financial LLC now owns 257,238 shares of the exchange traded fund’s stock worth $12,095,000 after purchasing an additional 41,186 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its stake in shares of Alerian MLP ETF by 27.5% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 60,990 shares of the exchange traded fund’s stock worth $2,868,000 after buying an additional 13,136 shares in the last quarter.

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. 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).