Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Price Up 1.1% – What’s Next?

Shares of Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) rose 1.1% on Monday . The stock traded as high as $40.19 and last traded at $39.96. Approximately 193,463 shares traded hands during trading, an increase of 112% from the average daily volume of 91,283 shares. The stock had previously closed at $39.52.

Alerian Energy Infrastructure ETF Price Performance

The company has a market cap of $468.47 million, a PE ratio of 18.78 and a beta of 0.62. The company’s 50 day simple moving average is $37.93 and its two-hundred day simple moving average is $34.54.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in Alerian Energy Infrastructure ETF by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock worth $5,249,000 after buying an additional 41,808 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Alerian Energy Infrastructure ETF by 17.3% in the first quarter. NewEdge Advisors LLC now owns 39,278 shares of the company’s stock valued at $1,287,000 after purchasing an additional 5,799 shares during the period. Bulwark Capital Corp boosted its stake 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 purchasing an additional 8,708 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Alerian Energy Infrastructure ETF in the first quarter valued at approximately $528,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Alerian Energy Infrastructure ETF in the third quarter valued at approximately $49,000.

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.