Alerian MLP ETF (NYSEARCA:AMLP) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Alerian MLP ETF (NYSEARCA:AMLP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $47.67 and traded as high as $48.80. Alerian MLP ETF shares last traded at $48.72, with a volume of 1,298,166 shares trading hands.

Alerian MLP ETF Trading Up 1.2 %

The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock’s 50-day moving average is $48.42 and its 200-day moving average is $47.67.

Hedge Funds Weigh In On Alerian MLP ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in shares of Alerian MLP ETF by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 7,285 shares of the exchange traded fund’s stock valued at $350,000 after acquiring an additional 433 shares in the last quarter. FFG Retirement Advisors LLC grew its holdings in Alerian MLP ETF by 67.4% during the second quarter. FFG Retirement Advisors LLC now owns 46,969 shares of the exchange traded fund’s stock valued at $2,254,000 after purchasing an additional 18,919 shares during the period. Mayflower Financial Advisors LLC increased its position in Alerian MLP ETF by 3.9% in the second quarter. Mayflower Financial Advisors LLC now owns 58,422 shares of the exchange traded fund’s stock worth $2,803,000 after buying an additional 2,194 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Alerian MLP ETF by 7.9% in the second quarter. Private Advisor Group LLC now owns 189,786 shares of the exchange traded fund’s stock valued at $9,106,000 after buying an additional 13,920 shares during the period. Finally, Gentry Private Wealth LLC purchased a new position in shares of Alerian MLP ETF in the second quarter worth about $360,000.

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.