Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Trading Up 1.2% – Still a Buy?

Alerian Energy Infrastructure ETF (NYSEARCA:ENFRGet Free Report) was up 1.2% during mid-day trading on Tuesday . The stock traded as high as $38.69 and last traded at $38.39. Approximately 111,344 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 93,453 shares. The stock had previously closed at $37.93.

Alerian Energy Infrastructure ETF Stock Performance

The stock has a market capitalization of $446.09 million, a price-to-earnings ratio of 18.78 and a beta of 0.74. The firm has a fifty day moving average of $36.65 and a 200-day moving average of $33.20.

Alerian Energy Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were issued a $0.3924 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $1.57 annualized dividend and a yield of 4.1%. This is an increase from Alerian Energy Infrastructure ETF’s previous quarterly dividend of $0.38.

Institutional Trading of Alerian Energy Infrastructure ETF

Large investors have recently added to or reduced their stakes in the stock. Gilliland Jeter Wealth Management LLC acquired a new stake in Alerian Energy Infrastructure ETF in the 3rd quarter valued at $1,413,000. Bulwark Capital Corp acquired a new stake in Alerian Energy Infrastructure ETF in the 3rd quarter valued at $255,000. Sound Income Strategies LLC acquired a new stake in Alerian Energy Infrastructure ETF in the 4th quarter valued at $47,000. Sunbelt Securities Inc. acquired a new stake in Alerian Energy Infrastructure ETF in the 3rd quarter valued at $49,000. Finally, NewEdge Advisors LLC increased its holdings in Alerian Energy Infrastructure ETF by 17.3% in the 1st 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 in the last quarter.

Alerian Energy Infrastructure ETF Company Profile

(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.

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