Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 12-Month High – What’s Next?

Alerian MLP ETF (NYSEARCA:AMLP) shares hit a new 52-week high during trading on Thursday . The company traded as high as $55.22 and last traded at $54.40, with a volume of 1206511 shares traded. The stock had previously closed at $54.84.

Alerian MLP ETF Trading Up 0.6%

The stock has a 50-day simple moving average of $52.85 and a 200 day simple moving average of $50.23. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52.

Institutional Trading of Alerian MLP ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMLP. Brighton Jones LLC lifted its position in Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Alerian MLP ETF by 16.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock valued at $6,898,000 after buying an additional 19,916 shares during the period. Sei Investments Co. acquired a new position in shares of Alerian MLP ETF in the 2nd quarter valued at about $623,000. Diversify Advisory Services LLC acquired a new position in shares of Alerian MLP ETF in the 2nd quarter valued at about $224,000. Finally, Quantinno Capital Management LP lifted its holdings 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 valued at $2,481,000 after buying an additional 19,678 shares during the period.

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).