Alerian MLP ETF (NYSEARCA:AMLP) Sets New 52-Week High – What’s Next?

Alerian MLP ETF (NYSEARCA:AMLP)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $54.33 and last traded at $54.29, with a volume of 215619 shares. The stock had previously closed at $53.87.

Alerian MLP ETF Trading Up 0.4%

The stock has a 50 day simple moving average of $52.61 and a 200-day simple moving average of $49.93. The firm has a market cap of $12.62 billion, a P/E ratio of 14.17 and a beta of 0.52.

Institutional Trading of Alerian MLP ETF

Large investors have recently added to or reduced their stakes in the company. REAP Financial Group LLC increased its stake in Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Global Trust Asset Management LLC increased its stake in Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 600 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Alerian MLP ETF in the 4th quarter worth approximately $43,000. Whittier Trust Co. of Nevada Inc. increased its stake in Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Alerian MLP ETF in the 4th quarter worth approximately $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).