Alerian MLP ETF (NYSEARCA:AMLP) Hits New 12-Month High – Here’s What Happened

Alerian MLP ETF (NYSEARCA:AMLP)’s share price reached a new 52-week high on Friday . The company traded as high as $55.65 and last traded at $55.65, with a volume of 159 shares traded. The stock had previously closed at $54.83.

Alerian MLP ETF Stock Down 0.1%

The stock has a market capitalization of $12.86 billion, a PE ratio of 14.17 and a beta of 0.50. The stock has a fifty day moving average of $52.76 and a 200-day moving average of $52.17.

Institutional Investors Weigh In On Alerian MLP ETF

Hedge funds have recently bought and sold shares of the stock. Mayfair Advisory Group LLC raised its holdings in Alerian MLP ETF by 3.4% in the 1st quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock worth $320,000 after acquiring an additional 200 shares during the period. Noesis Capital Mangement Corp boosted its holdings in Alerian MLP ETF by 3.0% during the first quarter. Noesis Capital Mangement Corp now owns 6,900 shares of the exchange traded fund’s stock valued at $363,000 after acquiring an additional 200 shares during the period. J2 Capital Management Inc grew its position in shares of Alerian MLP ETF by 4.2% in the fourth quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock valued at $251,000 after purchasing an additional 218 shares during the last quarter. Bogart Wealth LLC grew its position in shares of Alerian MLP ETF by 4.4% in the fourth quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock valued at $269,000 after purchasing an additional 242 shares during the last quarter. Finally, J. L. Bainbridge & Co. Inc. increased its stake in shares of Alerian MLP ETF by 5.0% in the first quarter. J. L. Bainbridge & Co. Inc. now owns 5,680 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 271 shares during the period.

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).