Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 1-Year High – What’s Next?

Alerian MLP ETF (NYSEARCA:AMLP)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.49 and last traded at $51.49, with a volume of 1200520 shares traded. The stock had previously closed at $50.79.

Alerian MLP ETF Stock Performance

The company’s 50-day moving average price is $49.01 and its 200-day moving average price is $47.88. The firm has a market capitalization of $9.30 billion, a PE ratio of 13.08 and a beta of 0.48.

Institutional Investors Weigh In On Alerian MLP ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AMLP. Ashton Thomas Securities LLC purchased a new stake in Alerian MLP ETF in the third quarter valued at $28,000. City State Bank acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $40,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $40,000. ORG Wealth Partners LLC acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $41,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $65,000.

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.