InfraCap MLP ETF (NYSEARCA:AMZA) Shares Down 0.9% – Here’s What Happened

InfraCap MLP ETF (NYSEARCA:AMZA)’s stock price fell 0.9% on Monday . The company traded as low as $44.55 and last traded at $45.08. 28,441 shares changed hands during trading, a decline of 38% from the average session volume of 45,903 shares. The stock had previously closed at $45.50.

InfraCap MLP ETF Price Performance

The firm has a market capitalization of $435.87 million, a PE ratio of 14.90 and a beta of 0.66. The company’s fifty day simple moving average is $46.41 and its 200-day simple moving average is $44.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZA. NewEdge Advisors LLC increased its stake in InfraCap MLP ETF by 2.3% during the 3rd quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after buying an additional 1,395 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of InfraCap MLP ETF by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 3,751 shares of the company’s stock valued at $151,000 after acquiring an additional 633 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of InfraCap MLP ETF in the fourth quarter valued at approximately $37,000. 7.34% of the stock is owned by hedge funds and other institutional investors.

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.