Alerian MLP ETF (NYSEARCA:AMLP) Hits New 1-Year High – Here’s What Happened

Alerian MLP ETF (NYSEARCA:AMLP) hit a new 52-week high on Friday . The stock traded as high as $49.47 and last traded at $49.32, with a volume of 183690 shares changing hands. The stock had previously closed at $49.13.

Alerian MLP ETF Stock Performance

The company has a market cap of $8.93 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The business has a fifty day moving average price of $47.45 and a 200 day moving average price of $47.12.

Hedge Funds Weigh In On Alerian MLP ETF

A number of institutional investors and hedge funds have recently bought and sold shares of AMLP. Russell Investments Group Ltd. acquired a new stake in Alerian MLP ETF in the first quarter valued at approximately $27,000. O Shaughnessy Asset Management LLC grew its stake in Alerian MLP ETF by 44.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,399 shares of the exchange traded fund’s stock valued at $161,000 after acquiring an additional 1,042 shares during the period. EP Wealth Advisors LLC acquired a new stake in Alerian MLP ETF in the first quarter valued at approximately $228,000. BOKF NA grew its stake in Alerian MLP ETF by 23.8% in the first quarter. BOKF NA now owns 11,445 shares of the exchange traded fund’s stock valued at $544,000 after acquiring an additional 2,200 shares during the period. Finally, IronBridge Private Wealth LLC grew its stake in Alerian MLP ETF by 7.1% in the first quarter. IronBridge Private Wealth LLC now owns 250,051 shares of the exchange traded fund’s stock valued at $11,867,000 after acquiring an additional 16,635 shares during the period.

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.