Alerian MLP ETF (NYSEARCA:AMLP) Hits New 1-Year High at $47.55

Alerian MLP ETF (NYSEARCA:AMLP) shares hit a new 52-week high during trading on Thursday . The company traded as high as $47.55 and last traded at $47.49, with a volume of 495440 shares. The stock had previously closed at $47.09.

Alerian MLP ETF Trading Up 0.8 %

The stock’s fifty day simple moving average is $45.31 and its 200-day simple moving average is $43.42. The stock has a market capitalization of $7.77 billion, a PE ratio of 13.30 and a beta of 1.42.

Institutional Investors Weigh In On Alerian MLP ETF

A number of hedge funds have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC grew its holdings in Alerian MLP ETF by 270,500.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,135,934 shares of the exchange traded fund’s stock valued at $614,295,000 after purchasing an additional 16,129,971 shares during the period. Goldman Sachs Group Inc. increased its holdings in Alerian MLP ETF by 54.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,607,500 shares of the exchange traded fund’s stock worth $559,467,000 after acquiring an additional 5,174,427 shares during the last quarter. Cowa LLC raised its stake in Alerian MLP ETF by 10,043.4% in the 1st quarter. Cowa LLC now owns 5,232,801 shares of the exchange traded fund’s stock valued at $2,004,000 after acquiring an additional 5,181,213 shares during the period. Wells Fargo & Company MN lifted its holdings in Alerian MLP ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after purchasing an additional 619,287 shares during the last quarter. Finally, UBS Group AG boosted its position in Alerian MLP ETF by 4.7% during the third quarter. UBS Group AG now owns 2,884,519 shares of the exchange traded fund’s stock worth $121,727,000 after purchasing an additional 129,611 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.