Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Trading Down 0.3% – Here’s Why

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) shares were down 0.3% on Thursday . The company traded as low as $39.06 and last traded at $39.12. Approximately 67,752 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 86,191 shares. The stock had previously closed at $39.22.

Alerian Energy Infrastructure ETF Stock Performance

The firm’s 50 day moving average price is $38.89 and its 200-day moving average price is $37.82. The firm has a market capitalization of $522.98 million, a PE ratio of 18.78 and a beta of 0.60.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

Large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new stake in Alerian Energy Infrastructure ETF in the third quarter valued at approximately $49,000. Bank of New York Mellon Corp purchased a new stake in shares of Alerian Energy Infrastructure ETF in the first quarter valued at approximately $528,000. NewEdge Advisors LLC raised its stake in shares of Alerian Energy Infrastructure ETF by 10.6% during the 4th quarter. NewEdge Advisors LLC now owns 28,577 shares of the company’s stock worth $899,000 after buying an additional 2,742 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Alerian Energy Infrastructure ETF by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock worth $5,249,000 after buying an additional 41,808 shares during the period.

About Alerian Energy Infrastructure ETF

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.