Alerian MLP ETF (NYSEARCA:AMLP) Sets New 1-Year High – Still a Buy?

Alerian MLP ETF (NYSEARCA:AMLP) hit a new 52-week high on Wednesday . The stock traded as high as $52.65 and last traded at $52.47, with a volume of 1854149 shares. The stock had previously closed at $51.71.

Alerian MLP ETF Stock Up 1.5 %

The firm has a market cap of $9.44 billion, a PE ratio of 13.08 and a beta of 0.48. The stock has a 50 day moving average price of $49.17 and a two-hundred day moving average price of $47.93.

Institutional Trading of Alerian MLP ETF

Several large investors have recently bought and sold shares of AMLP. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF in the third quarter worth about $28,000. City State Bank acquired a new position in Alerian MLP ETF in the 4th quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV purchased a new position in Alerian MLP ETF during the 3rd quarter worth approximately $40,000. ORG Wealth Partners LLC acquired a new stake in Alerian MLP ETF during the 3rd quarter valued at approximately $41,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at $65,000.

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.