Alerian MLP ETF (NYSEARCA:AMLP) Sets New 12-Month Low – Time to Sell?

Alerian MLP ETF (NYSEARCA:AMLP)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $44.01 and last traded at $44.15, with a volume of 583641 shares trading hands. The stock had previously closed at $47.02.

Alerian MLP ETF Stock Down 2.3 %

The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99. The company’s 50 day moving average is $51.56 and its 200 day moving average is $49.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC raised its holdings in Alerian MLP ETF by 400.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 500 shares in the last quarter. Hurley Capital LLC bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at $32,000. 1620 Investment Advisors Inc. bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at $38,000. Finally, City State Bank acquired a new stake in shares of Alerian MLP ETF during the 4th quarter worth $40,000.

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.