iPath Select MLP ETN (BATS:ATMP – Get Free Report) dropped 3% during mid-day trading on Monday. The stock traded as low as $35.72 and last traded at $35.72. Approximately 4,286 shares were traded during trading, a decline of 80% from the average session volume of 21,113 shares. The stock had previously closed at $36.83.
iPath Select MLP ETN Price Performance
The stock’s 50-day moving average is $35.86 and its 200 day moving average is $34.64.
iPath Select MLP ETN Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th were paid a dividend of $0.40 per share. This is a negative change from iPath Select MLP ETN’s previous quarterly dividend of $0.4088. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.5%.
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.
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