Alerian MLP ETF (NYSEARCA:AMLP) Hits New 52-Week High – What’s Next?

Shares of Alerian MLP ETF (NYSEARCA:AMLP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.85 and last traded at $52.64, with a volume of 1131433 shares. The stock had previously closed at $52.31.

Alerian MLP ETF Price Performance

The firm has a market cap of $9.48 billion, a PE ratio of 13.08 and a beta of 0.48. The stock has a 50-day moving average price of $49.80 and a 200 day moving average price of $48.14.

Institutional Trading of Alerian MLP ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMLP. Cypress Wealth Services LLC boosted its position in shares of Alerian MLP ETF by 3.7% in the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock worth $284,000 after acquiring an additional 217 shares during the last quarter. Retirement Planning Group LLC raised its stake in Alerian MLP ETF by 2.9% during the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 218 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of Alerian MLP ETF by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 222 shares during the last quarter. Opal Wealth Advisors LLC grew its stake in shares of Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 242 shares during the period. Finally, Mach 1 Financial Group LLC increased its holdings in shares of Alerian MLP ETF by 2.4% during the 3rd quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 244 shares during 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.