Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Sets New 1-Year High – Here’s Why

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $40.69 and last traded at $40.35, with a volume of 17077 shares traded. The stock had previously closed at $40.36.

Alerian Energy Infrastructure ETF Price Performance

The company has a fifty day simple moving average of $38.82 and a two-hundred day simple moving average of $36.95. The company has a market capitalization of $504.97 million, a P/E ratio of 18.78 and a beta of 0.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in Alerian Energy Infrastructure ETF by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock worth $5,249,000 after purchasing an additional 41,808 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Alerian Energy Infrastructure ETF during the first quarter valued at approximately $528,000. NewEdge Advisors LLC raised its position in shares of Alerian Energy Infrastructure ETF by 10.6% in the fourth quarter. NewEdge Advisors LLC now owns 28,577 shares of the company’s stock valued at $899,000 after purchasing an additional 2,742 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Alerian Energy Infrastructure ETF in the third quarter worth $49,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Alerian Energy Infrastructure ETF in the fourth quarter worth $47,000.

About Alerian Energy Infrastructure ETF

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.