Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.07 and last traded at $55.93, with a volume of 86766 shares trading hands. The stock had previously closed at $55.72.
Alerian MLP ETF Trading Up 0.6%
The stock has a 50 day simple moving average of $54.40 and a 200 day simple moving average of $53.14. The firm has a market capitalization of $13.18 billion, a PE ratio of 14.17 and a beta of 0.51.
Institutional Investors Weigh In On Alerian MLP ETF
A number of large investors have recently modified their holdings of AMLP. Hollencrest Capital Management bought a new position in shares of Alerian MLP ETF during the second quarter valued at approximately $35,000. Global Trust Asset Management LLC grew its stake in shares of Alerian MLP ETF by 600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Alerian MLP ETF during the 4th quarter worth $57,000. Palladiem LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter worth $60,000. Finally, BROOKFIELD Corp ON purchased a new stake in Alerian MLP ETF during the 2nd quarter valued at approximately $65,000.
About Alerian MLP ETF
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).
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