Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 52-Week High – What’s Next?

Alerian MLP ETF (NYSEARCA:AMLP)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.07 and last traded at $51.06, with a volume of 181674 shares. The stock had previously closed at $50.31.

Alerian MLP ETF Price Performance

The firm’s 50 day moving average is $47.58 and its 200 day moving average is $47.17. The company has a market capitalization of $9.20 billion, a PE ratio of 13.08 and a beta of 0.48.

Hedge Funds Weigh In On Alerian MLP ETF

A number of hedge funds have recently modified their holdings of AMLP. Hilton Capital Management LLC purchased a new position in Alerian MLP ETF during the 3rd quarter valued at $31,562,000. EP Wealth Advisors LLC raised its stake in Alerian MLP ETF by 10,423.5% in the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after buying an additional 506,582 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Alerian MLP ETF by 470.3% in the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock worth $20,979,000 after buying an additional 364,516 shares during the period. Blair William & Co. IL boosted its position in Alerian MLP ETF by 260.0% during the 2nd quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after acquiring an additional 350,196 shares in the last quarter. Finally, School Employees Retirement Board of Ohio purchased a new position in shares of Alerian MLP ETF during the 3rd quarter worth approximately $14,643,000.

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.