Alerian MLP ETF (NYSEARCA:AMLP) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Alerian MLP ETF (NYSEARCA:AMLP) shares passed 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 trading hands.

Alerian MLP ETF Stock Performance

The company has a market cap of $8.78 billion, a P/E ratio of 13.08 and a beta of 0.48. The business’s 50-day moving average price is $48.46 and its 200 day moving average price is $47.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 16,560 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Alerian MLP ETF during the third quarter worth approximately $65,000. Regency Capital Management Inc. DE grew its position in shares of Alerian MLP ETF by 173.7% in the third quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock valued at $4,627,000 after purchasing an additional 62,304 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of Alerian MLP ETF during the second quarter worth approximately $96,000. Finally, Benjamin Edwards Inc. lifted its holdings in Alerian MLP ETF by 47.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 20,362 shares of the exchange traded fund’s stock worth $977,000 after purchasing an additional 6,514 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.