Alerian MLP ETF (NYSEARCA:AMLP) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Alerian MLP ETF (NYSEARCA:AMLP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $47.61 and traded as high as $48.67. Alerian MLP ETF shares last traded at $48.67, with a volume of 1,188,705 shares changing hands.

Alerian MLP ETF Price Performance

The stock has a market capitalization of $8.75 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock’s 50-day simple moving average is $48.28 and its 200 day simple moving average is $47.61.

Institutional Investors Weigh In On Alerian MLP ETF

Hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF during the 3rd quarter worth $28,000. Asset Dedication LLC raised its stake in Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in Alerian MLP ETF in the 3rd quarter valued at about $40,000. ORG Wealth Partners LLC bought a new stake in Alerian MLP ETF in the 3rd quarter valued at about $41,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Alerian MLP ETF during the 2nd quarter worth approximately $49,000.

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.