Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 12-Month High – What’s Next?

Alerian MLP ETF (NYSEARCA:AMLP) reached a new 52-week high on Thursday . The company traded as high as $53.24 and last traded at $53.17, with a volume of 1504290 shares trading hands. The stock had previously closed at $52.51.

Alerian MLP ETF Stock Up 1.0%

The stock has a market cap of $11.95 billion, a PE ratio of 14.17 and a beta of 0.70. The business has a 50 day moving average price of $50.79 and a 200 day moving average price of $48.34.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were paid a $1.01 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $4.04 annualized dividend and a dividend yield of 7.6%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors raised its holdings in shares of Alerian MLP ETF by 53.7% during the fourth quarter. World Investment Advisors now owns 10,191 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 3,561 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth approximately $261,000. Corient Private Wealth LLC raised its stake in Alerian MLP ETF by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 127,503 shares of the exchange traded fund’s stock valued at $5,995,000 after purchasing an additional 13,148 shares during the last quarter. Redwood Family Wealth LLC acquired a new position in Alerian MLP ETF in the 4th quarter valued at $219,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Alerian MLP ETF in the 4th quarter valued at $57,000.

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).