Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Trading 0.8% Higher – Here’s Why

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR)’s share price traded up 0.8% during mid-day trading on Monday . The company traded as high as $32.46 and last traded at $32.32. 36,676 shares were traded during mid-day trading, a decline of 50% from the average session volume of 73,301 shares. The stock had previously closed at $32.05.

Alerian Energy Infrastructure ETF Trading Up 0.8%

The firm has a market cap of $313.50 million, a P/E ratio of 18.78 and a beta of 1.31. The business’s fifty day simple moving average is $31.72 and its 200-day simple moving average is $31.71.

Alerian Energy Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were issued a $0.3771 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Alerian Energy Infrastructure ETF’s previous quarterly dividend of $0.29.

Institutional Investors Weigh In On Alerian Energy Infrastructure ETF

A number of large investors have recently added to or reduced their stakes in ENFR. Miller Howard Investments Inc. NY bought a new stake in Alerian Energy Infrastructure ETF in the 1st quarter worth $10,159,000. Fifth Third Securities Inc. boosted its stake in shares of Alerian Energy Infrastructure ETF by 172.1% during the 1st quarter. Fifth Third Securities Inc. now owns 18,821 shares of the company’s stock valued at $617,000 after purchasing an additional 11,905 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Alerian Energy Infrastructure ETF by 34.6% during the 4th quarter. Ameriprise Financial Inc. now owns 27,850 shares of the company’s stock valued at $868,000 after purchasing an additional 7,156 shares in the last quarter. 10Elms LLP bought a new stake in shares of Alerian Energy Infrastructure ETF during the 4th quarter valued at about $221,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Alerian Energy Infrastructure ETF by 17.3% during the 1st quarter. NewEdge Advisors LLC now owns 39,278 shares of the company’s stock valued at $1,287,000 after purchasing an additional 5,799 shares in the last quarter.

Alerian Energy Infrastructure ETF Company Profile

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.