Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 12-Month High – Should You Buy?

Alerian MLP ETF (NYSEARCA:AMLP)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.49 and last traded at $51.49, with a volume of 1200520 shares. The stock had previously closed at $50.79.

Alerian MLP ETF Price Performance

The stock has a market cap of $9.26 billion, a PE ratio of 13.08 and a beta of 0.48. The company’s fifty day moving average is $48.87 and its 200-day moving average is $47.83.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of Alerian MLP ETF by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 7,285 shares of the exchange traded fund’s stock valued at $350,000 after buying an additional 433 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Alerian MLP ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after acquiring an additional 272,696 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Alerian MLP ETF by 32.1% during the second quarter. Brown Brothers Harriman & Co. now owns 1,647 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 400 shares in the last quarter. Lmcg Investments LLC grew its position in shares of Alerian MLP ETF by 26.7% in the second quarter. Lmcg Investments LLC now owns 12,303 shares of the exchange traded fund’s stock valued at $590,000 after purchasing an additional 2,594 shares during the period. Finally, Wealth Alliance grew its position in shares of Alerian MLP ETF by 7.8% in the second quarter. Wealth Alliance now owns 229,241 shares of the exchange traded fund’s stock valued at $10,999,000 after purchasing an additional 16,579 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.