Alerian MLP ETF (NYSEARCA:AMLP) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Alerian MLP ETF (NYSEARCA:AMLP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Alerian MLP ETF Stock Up 0.1 %

The company has a market capitalization of $8.78 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm has a fifty day simple moving average of $48.46 and a 200-day simple moving average of $47.69.

Institutional Trading of Alerian MLP ETF

A number of institutional investors have recently modified their holdings of AMLP. SMART Wealth LLC lifted its position in shares of Alerian MLP ETF by 12.3% in the third quarter. SMART Wealth LLC now owns 70,004 shares of the exchange traded fund’s stock worth $3,299,000 after purchasing an additional 7,643 shares in the last quarter. Legacy Wealth Management LLC MS bought a new stake in Alerian MLP ETF during the 3rd quarter worth about $222,000. Synovus Financial Corp boosted its stake in shares of Alerian MLP ETF by 7.2% during the 3rd quarter. Synovus Financial Corp now owns 29,615 shares of the exchange traded fund’s stock worth $1,396,000 after buying an additional 1,986 shares during the last quarter. World Investment Advisors LLC grew its stake in Alerian MLP ETF by 0.6% in the third quarter. World Investment Advisors LLC now owns 55,266 shares of the exchange traded fund’s stock valued at $2,605,000 after purchasing an additional 340 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Alerian MLP ETF by 31.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 141,682 shares of the exchange traded fund’s stock worth $7,032,000 after purchasing an additional 33,594 shares during the last quarter.

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.