Stock Traders Purchase High Volume of Put Options on Alerian MLP ETF (NYSEARCA:AMLP)

Alerian MLP ETF (NYSEARCA:AMLP) was the target of unusually large options trading activity on Tuesday. Stock investors bought 8,045 put options on the company. This is an increase of 653% compared to the typical daily volume of 1,069 put options.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP traded up $0.27 on Tuesday, reaching $52.58. 343,384 shares of the stock traded hands, compared to its average volume of 1,776,006. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $43.02 and a 12 month high of $52.82. The company has a fifty day moving average price of $49.80 and a 200-day moving average price of $48.14.

Institutional Trading of Alerian MLP ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its position in Alerian MLP ETF by 14.1% during the second quarter. Truist Financial Corp now owns 118,304 shares of the exchange traded fund’s stock valued at $5,676,000 after acquiring an additional 14,603 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Alerian MLP ETF during the third quarter worth $40,000. Park Avenue Securities LLC increased its position in shares of Alerian MLP ETF by 14.2% in the 3rd quarter. Park Avenue Securities LLC now owns 23,437 shares of the exchange traded fund’s stock valued at $1,105,000 after acquiring an additional 2,920 shares during the period. WealthBridge Capital Management LLC lifted its position in Alerian MLP ETF by 8.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 44,174 shares of the exchange traded fund’s stock worth $2,082,000 after acquiring an additional 3,370 shares during the period. Finally, Heartwood Wealth Advisors LLC grew its stake in Alerian MLP ETF by 2.1% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 61,255 shares of the exchange traded fund’s stock valued at $2,887,000 after purchasing an additional 1,263 shares during the last quarter.

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.