iPath Select MLP ETN (NYSEARCA:ATMP) Sets New 1-Year High – What’s Next?

iPath Select MLP ETN (NYSEARCA:ATMP) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.30 and last traded at $33.1940, with a volume of 3904 shares changing hands. The stock had previously closed at $33.00.

iPath Select MLP ETN Trading Up 0.8%

The business has a fifty day simple moving average of $29.87 and a 200 day simple moving average of $29.01.

iPath Select MLP ETN Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 1st were paid 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 was Monday, December 1st. This represents a $1.59 annualized dividend and a dividend yield of 4.8%.

Institutional Trading of iPath Select MLP ETN

A hedge fund recently bought a new stake in iPath Select MLP ETN stock. JPMorgan Chase & Co. purchased a new stake in iPath Select MLP ETN (NYSEARCA:ATMP) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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.