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

Alerian MLP ETF (NYSEARCA:AMLP)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $55.98 and last traded at $55.82, with a volume of 56224 shares changing hands. The stock had previously closed at $55.59.

Alerian MLP ETF Trading Up 0.2%

The company has a market capitalization of $13.09 billion, a PE ratio of 14.17 and a beta of 0.50. The business’s fifty day moving average is $53.96 and its two-hundred day moving average is $52.98.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its position in Alerian MLP ETF by 19.4% in the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after buying an additional 7,280 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Alerian MLP ETF by 16.4% during the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock valued at $6,898,000 after purchasing an additional 19,916 shares during the period. Sei Investments Co. purchased a new stake in Alerian MLP ETF in the second quarter worth approximately $623,000. Diversify Advisory Services LLC purchased a new stake in Alerian MLP ETF during the 2nd quarter valued at $224,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Alerian MLP ETF by 63.3% in the 2nd quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after buying an additional 19,678 shares during the last quarter.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).