Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 12-Month High at $47.55

Alerian MLP ETF (NYSEARCA:AMLP)’s share price reached a new 52-week high on Thursday . The stock traded as high as $47.55 and last traded at $47.49, with a volume of 495440 shares changing hands. The stock had previously closed at $47.09.

Alerian MLP ETF Stock Up 0.8 %

The business has a 50-day simple moving average of $45.31 and a 200-day simple moving average of $43.42. The company has a market cap of $7.77 billion, a PE ratio of 13.30 and a beta of 1.42.

Institutional Trading of Alerian MLP ETF

Hedge funds have recently made changes to their positions in the business. Provence Wealth Management Group acquired a new stake in shares of Alerian MLP ETF in the third quarter valued at $31,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC raised its position in Alerian MLP ETF by 8,000.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 810 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 800 shares in the last quarter. First United Bank & Trust purchased a new position in shares of Alerian MLP ETF in the 4th quarter valued at about $35,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter worth about $38,000.

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.