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

Alerian MLP ETF (NYSEARCA:AMLP) shares hit a new 52-week high on Friday . The company traded as high as $49.47 and last traded at $49.32, with a volume of 183690 shares changing hands. The stock had previously closed at $49.13.

Alerian MLP ETF Stock Up 1.0 %

The stock has a market cap of $8.93 billion, a P/E ratio of 13.08 and a beta of 0.48. The business has a 50-day simple moving average of $47.45 and a 200-day simple moving average of $47.12.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Hilton Capital Management LLC bought a new position in Alerian MLP ETF in the third quarter valued at about $31,562,000. EP Wealth Advisors LLC raised its position 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 buying an additional 506,582 shares during the last quarter. Cetera Investment Advisers grew its stake in Alerian MLP ETF by 470.3% in the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after purchasing an additional 364,516 shares in the last quarter. Blair William & Co. IL grew its stake in Alerian MLP ETF by 260.0% in the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after purchasing an additional 350,196 shares in the last quarter. Finally, School Employees Retirement Board of Ohio bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth approximately $14,643,000.

Alerian MLP ETF Company Profile

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.