Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Sets New 1-Year High – Still a Buy?

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

Alerian Energy Infrastructure ETF Stock Down 0.2%

The stock has a market cap of $506.56 million, a P/E ratio of 18.78 and a beta of 0.60. The stock has a fifty day simple moving average of $38.86 and a 200-day simple moving average of $37.04.

Institutional Trading of Alerian Energy Infrastructure ETF

A number of hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in Alerian Energy Infrastructure ETF by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock valued at $5,249,000 after purchasing an additional 41,808 shares during the period. NewEdge Advisors LLC increased its stake in Alerian Energy Infrastructure ETF by 17.3% in the first quarter. NewEdge Advisors LLC now owns 39,278 shares of the company’s stock valued at $1,287,000 after purchasing an additional 5,799 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Alerian Energy Infrastructure ETF in the third quarter worth $49,000. Bank of New York Mellon Corp acquired a new stake in Alerian Energy Infrastructure ETF in the first quarter worth $528,000. Finally, Sound Income Strategies LLC bought a new position in shares of Alerian Energy Infrastructure ETF during 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.