Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Sets New 1-Year High – Here’s Why

Alerian Energy Infrastructure ETF (NYSEARCA:ENFRGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $40.69 and last traded at $40.35, with a volume of 17077 shares traded. The stock had previously closed at $40.36.

Alerian Energy Infrastructure ETF Stock Performance

The stock has a market cap of $504.97 million, a price-to-earnings ratio of 18.78 and a beta of 0.60. The stock’s 50-day simple moving average is $38.82 and its two-hundred day simple moving average is $36.95.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in Alerian Energy Infrastructure ETF during the 1st quarter valued at approximately $528,000. NewEdge Advisors LLC lifted its holdings in shares of Alerian Energy Infrastructure ETF by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,577 shares of the company’s stock worth $899,000 after buying an additional 2,742 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Alerian Energy Infrastructure ETF during the fourth quarter worth approximately $47,000. Bulwark Capital Corp boosted its position in shares of Alerian Energy Infrastructure ETF by 110.8% in the fourth quarter. Bulwark Capital Corp now owns 16,564 shares of the company’s stock valued at $521,000 after acquiring an additional 8,708 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Alerian Energy Infrastructure ETF in the third quarter worth $49,000.

About Alerian Energy Infrastructure ETF

(Get Free Report)

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.

Further Reading

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