Alerian MLP ETF (NYSEARCA:AMLP) Hits New 12-Month High – What’s Next?

Shares of Alerian MLP ETF (NYSEARCA:AMLP) hit a new 52-week high during trading on Friday . The stock traded as high as $55.31 and last traded at $55.27, with a volume of 49040 shares trading hands. The stock had previously closed at $54.93.

Alerian MLP ETF Stock Up 0.1%

The company has a market cap of $12.93 billion, a P/E ratio of 14.17 and a beta of 0.50. The stock’s 50-day moving average price is $52.74 and its 200 day moving average price is $51.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMLP. Global Trust Asset Management LLC lifted its position in Alerian MLP ETF by 600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 600 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $43,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Alerian MLP ETF by 800.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,000 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $57,000. Finally, Palladiem LLC bought a new position in shares of Alerian MLP ETF in the fourth quarter worth about $60,000.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).