iPath Select MLP ETN (NYSEARCA:ATMP) Sees Large Volume Increase – What’s Next?

Shares of iPath Select MLP ETN (NYSEARCA:ATMP) saw an uptick in trading volume on Tuesday . 19,314 shares were traded during trading, a decline of 31% from the previous session’s volume of 28,010 shares.The stock last traded at $28.6240 and had previously closed at $28.29.

iPath Select MLP ETN Stock Down 0.1%

The stock’s 50-day moving average price is $28.40 and its 200 day moving average price is $28.67.

iPath Select MLP ETN Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, December 1st were given a dividend of $0.3981 per share. This is a boost from iPath Select MLP ETN’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.59 annualized dividend and a yield of 5.5%.

Hedge Funds Weigh In On iPath Select MLP ETN

An institutional investor recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. purchased a new stake in shares of iPath Select MLP ETN (NYSEARCA:ATMP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,900 shares of the company’s stock, valued at approximately $114,000.

iPath Select MLP ETN Company Profile

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.