Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $55.31 and last traded at $55.27, with a volume of 49040 shares traded. The stock had previously closed at $54.93.
Alerian MLP ETF Stock Performance
The stock has a market cap of $13.07 billion, a P/E ratio of 14.17 and a beta of 0.50. The business has a 50 day simple moving average of $52.73 and a 200-day simple moving average of $51.91.
Institutional Trading of Alerian MLP ETF
Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in shares of Alerian MLP ETF by 0.7% in the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after purchasing an additional 54,835 shares during the period. Allen Investment Management LLC boosted its stake in Alerian MLP ETF by 6.8% in the 1st quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after purchasing an additional 254,444 shares during the period. Raymond James Financial Inc. grew its stake in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after acquiring an additional 152,451 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Alerian MLP ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock worth $127,088,000 after purchasing an additional 154,146 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Alerian MLP ETF by 19.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after acquiring an additional 262,817 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. 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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