Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 1-Year High – Time to Buy?

Shares of Alerian MLP ETF (NYSEARCA:AMLP) hit a new 52-week high on Tuesday . The company traded as high as $52.85 and last traded at $52.64, with a volume of 1131433 shares changing hands. The stock had previously closed at $52.31.

Alerian MLP ETF Trading Up 0.8 %

The stock has a market capitalization of $9.48 billion, a PE ratio of 13.08 and a beta of 0.48. The business’s 50-day moving average is $49.80 and its two-hundred day moving average is $48.14.

Institutional Investors Weigh In On Alerian MLP ETF

Large investors have recently modified their holdings of the stock. Edge Capital Group LLC increased its stake in Alerian MLP ETF by 43.4% during the 4th quarter. Edge Capital Group LLC now owns 7,993 shares of the exchange traded fund’s stock worth $385,000 after buying an additional 2,421 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $341,000. IFP Advisors Inc lifted its stake in shares of Alerian MLP ETF by 4.2% in the fourth quarter. IFP Advisors Inc now owns 168,295 shares of the exchange traded fund’s stock worth $8,105,000 after acquiring an additional 6,730 shares in the last quarter. Mainstay Capital Management LLC ADV grew its stake in Alerian MLP ETF by 1.6% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 54,747 shares of the exchange traded fund’s stock valued at $2,637,000 after purchasing an additional 846 shares in the last quarter. Finally, Dover Advisors LLC purchased a new stake in Alerian MLP ETF during the 4th quarter worth approximately $207,000.

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.