Alerian MLP ETF (NYSEARCA:AMLP) Sets New 52-Week High at $45.27

Alerian MLP ETF (NYSEARCA:AMLPGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.27 and last traded at $45.25, with a volume of 685861 shares trading hands. The stock had previously closed at $44.44.

Alerian MLP ETF Stock Down 0.8 %

The company has a market cap of $7.26 billion, a P/E ratio of 13.30 and a beta of 1.42. The company’s 50-day moving average is $43.05 and its two-hundred day moving average is $42.16.

Hedge Funds Weigh In On Alerian MLP ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMLP. Provence Wealth Management Group purchased a new stake in shares of Alerian MLP ETF in the third quarter worth about $31,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alerian MLP ETF in the second quarter worth about $30,000. Tower Research Capital LLC TRC lifted its holdings in shares of Alerian MLP ETF by 8,000.0% in the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 800 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $34,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $39,000.

Alerian MLP ETF Company Profile

(Get Free Report)

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.

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