Alerian MLP ETF Target of Unusually Large Options Trading (NYSEARCA:AMLP)

Alerian MLP ETF (NYSEARCA:AMLP) saw unusually large options trading activity on Tuesday. Stock traders acquired 4,191 call options on the stock. This is an increase of approximately 473% compared to the average daily volume of 731 call options.

Alerian MLP ETF Trading Up 0.1%

NYSEARCA AMLP traded up $0.07 on Tuesday, hitting $47.03. 144,769 shares of the stock traded hands, compared to its average volume of 1,478,031. The company has a market capitalization of $10.32 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The stock has a 50-day moving average of $46.92 and a 200 day moving average of $47.76.

Institutional Trading of Alerian MLP ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. PMG Family Office LLC purchased a new position in Alerian MLP ETF in the 3rd quarter worth about $369,000. Lindenwold Advisors INC bought a new stake in Alerian MLP ETF during the third quarter valued at about $328,000. Stillwater Wealth Management Group bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth about $665,000. Payne Capital Management LLC increased its position in shares of Alerian MLP ETF by 4.8% during the third quarter. Payne Capital Management LLC now owns 58,936 shares of the exchange traded fund’s stock valued at $2,766,000 after purchasing an additional 2,724 shares during the period. Finally, Investment Research Partners LLC bought a new position in Alerian MLP ETF in the third quarter worth $240,000.

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).