iPath Select MLP ETN (ATMP) to Issue Quarterly Dividend of $0.39 on March 10th

iPath Select MLP ETN (NYSEARCA:ATMP) announced a quarterly dividend on Friday, January 1st. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.3929 per share on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, March 2nd.

iPath Select MLP ETN Stock Performance

Shares of ATMP stock traded up $0.25 on Friday, hitting $33.87. 14,357 shares of the stock traded hands, compared to its average volume of 32,007. The company’s fifty day moving average is $30.65 and its 200 day moving average is $29.25. iPath Select MLP ETN has a 1-year low of $25.66 and a 1-year high of $33.87.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. acquired a new position in shares of iPath Select MLP ETN (NYSEARCA:ATMP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,900 shares of the company’s stock, valued at approximately $114,000.

About iPath Select MLP ETN

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.