Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $37.99 and traded as low as $37.47. Alerian Energy Infrastructure ETF shares last traded at $37.67, with a volume of 116,806 shares trading hands.

Alerian Energy Infrastructure ETF Price Performance

The company has a market capitalization of $522.86 million, a P/E ratio of 18.78 and a beta of 0.64. The stock’s 50 day simple moving average is $38.79 and its two-hundred day simple moving average is $37.99.

Institutional Investors Weigh In On Alerian Energy Infrastructure ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ENFR. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Alerian Energy Infrastructure ETF during the third quarter worth $1,274,000. Bank of New York Mellon Corp acquired a new stake in Alerian Energy Infrastructure ETF in the first quarter worth about $528,000. Finally, Miller Howard Investments Inc. NY bought a new stake in Alerian Energy Infrastructure ETF during the 3rd quarter worth about $311,000.

About Alerian Energy Infrastructure ETF

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.