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

Alerian MLP ETF (NYSEARCA:AMLP) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $51.49 and last traded at $51.49, with a volume of 1200520 shares changing hands. The stock had previously closed at $50.79.

Alerian MLP ETF Trading Up 1.4 %

The stock has a 50-day moving average price of $48.87 and a two-hundred day moving average price of $47.83. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Hedge Funds Weigh In On Alerian MLP ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ulland Investment Advisors LLC raised its stake in Alerian MLP ETF by 39.0% in the 4th quarter. Ulland Investment Advisors LLC now owns 14,918 shares of the exchange traded fund’s stock worth $718,000 after acquiring an additional 4,188 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Alerian MLP ETF by 808.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,798 shares of the exchange traded fund’s stock valued at $376,000 after purchasing an additional 6,940 shares during the period. Diversify Advisory Services LLC raised its stake in shares of Alerian MLP ETF by 34.1% in the fourth quarter. Diversify Advisory Services LLC now owns 7,055 shares of the exchange traded fund’s stock worth $347,000 after purchasing an additional 1,793 shares during the last quarter. J2 Capital Management Inc acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $682,000. Finally, BTS Asset Management Inc. purchased a new stake in Alerian MLP ETF in the fourth quarter valued at approximately $317,000.

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.