Alerian MLP ETF (NYSEARCA:AMLP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Alerian MLP ETF (NYSEARCA:AMLP)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $47.61 and traded as high as $48.67. Alerian MLP ETF shares last traded at $48.67, with a volume of 1,188,705 shares changing hands.

Alerian MLP ETF Stock Up 1.5 %

The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company’s fifty day moving average is $48.28 and its 200 day moving average is $47.61.

Institutional Trading of Alerian MLP ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hilton Capital Management LLC bought a new stake in Alerian MLP ETF during the third quarter worth $31,562,000. EP Wealth Advisors LLC lifted its stake in Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares during the last quarter. Blair William & Co. IL grew its holdings in Alerian MLP ETF by 260.0% during the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock worth $23,265,000 after purchasing an additional 350,196 shares during the period. School Employees Retirement Board of Ohio acquired a new position in Alerian MLP ETF during the third quarter worth approximately $14,643,000. Finally, LPL Financial LLC raised its stake in Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 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.