InfraCap MLP ETF (NYSEARCA:AMZA) Trading Down 0.1% – Here’s What Happened

InfraCap MLP ETF (NYSEARCA:AMZA)’s share price was down 0.1% on Wednesday . The stock traded as low as $39.31 and last traded at $39.61. Approximately 15,051 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 37,947 shares. The stock had previously closed at $39.63.

InfraCap MLP ETF Stock Performance

The stock has a market capitalization of $382.63 million, a price-to-earnings ratio of 14.90 and a beta of 0.95. The company has a fifty day simple moving average of $39.54 and a 200 day simple moving average of $41.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMZA. NewEdge Advisors LLC lifted its holdings in InfraCap MLP ETF by 8.3% in the first quarter. NewEdge Advisors LLC now owns 66,390 shares of the company’s stock valued at $3,154,000 after buying an additional 5,064 shares during the period. CoreCap Advisors LLC raised its position in shares of InfraCap MLP ETF by 24.5% in the 3rd quarter. CoreCap Advisors LLC now owns 2,014 shares of the company’s stock worth $81,000 after acquiring an additional 396 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of InfraCap MLP ETF by 60.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock valued at $135,000 after purchasing an additional 1,175 shares during the period. Institutional investors and hedge funds own 7.34% of the company’s stock.

InfraCap MLP ETF Company Profile

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.