Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Sees Strong Trading Volume – Here’s What Happened

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) shares saw strong trading volume on Monday. 91,043 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 88,126 shares. The stock last traded at $39.8260 and had previously closed at $40.39.

Alerian Energy Infrastructure ETF Trading Down 2.8%

The company has a 50 day moving average price of $38.84 and a 200 day moving average price of $37.89. The company has a market capitalization of $544.90 million, a P/E ratio of 18.78 and a beta of 0.65.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Miller Howard Investments Inc. NY bought a new position in shares of Alerian Energy Infrastructure ETF in the third quarter valued at about $311,000. Bank of New York Mellon Corp acquired a new stake in shares of Alerian Energy Infrastructure ETF during the 1st quarter worth about $528,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Alerian Energy Infrastructure ETF during the 3rd quarter worth about $1,274,000.

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.