Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Price Down 0.7% – Here’s What Happened

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR)’s share price dropped 0.7% during mid-day trading on Monday . The company traded as low as $31.49 and last traded at $31.71. Approximately 176,368 shares were traded during trading, an increase of 77% from the average daily volume of 99,776 shares. The stock had previously closed at $31.92.

Alerian Energy Infrastructure ETF Stock Down 0.7 %

The firm has a market capitalization of $175.99 million, a P/E ratio of 18.17 and a beta of 0.50. The company’s 50 day moving average is $32.10 and its 200-day moving average is $30.40.

Alerian Energy Infrastructure ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.3557 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Alerian Energy Infrastructure ETF’s previous dividend of $0.34.

Institutional Investors Weigh In On Alerian Energy Infrastructure ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in shares of Alerian Energy Infrastructure ETF in the fourth quarter valued at $61,000. Fifth Third Securities Inc. acquired a new stake in shares of Alerian Energy Infrastructure ETF in the 4th quarter worth about $215,000. 10Elms LLP acquired a new stake in shares of Alerian Energy Infrastructure ETF in the 4th quarter worth about $221,000. Pointe Capital Management LLC bought a new position in Alerian Energy Infrastructure ETF in the 4th quarter valued at about $247,000. Finally, Ameriprise Financial Inc. boosted its stake in Alerian Energy Infrastructure ETF by 34.6% during the 4th quarter. Ameriprise Financial Inc. now owns 27,850 shares of the company’s stock valued at $868,000 after purchasing an additional 7,156 shares during the last quarter.

Alerian Energy Infrastructure ETF Company Profile

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.