Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Price Up 1.2% – Still a Buy?

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) shares traded up 1.2% on Wednesday . The stock traded as high as $32.99 and last traded at $32.88. 63,512 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 46,520 shares. The stock had previously closed at $32.48.

Alerian Energy Infrastructure ETF Trading Down 0.9 %

The business has a 50 day simple moving average of $32.31 and a two-hundred day simple moving average of $30.93. The company has a market cap of $304.29 million, a PE ratio of 19.20 and a beta of 1.28.

Alerian Energy Infrastructure ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid a $0.3557 dividend. This is a positive change from Alerian Energy Infrastructure ETF’s previous dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 12th.

Institutional Investors Weigh In On Alerian Energy Infrastructure ETF

Institutional investors have recently bought and sold shares of the stock. Ameriflex Group Inc. purchased a new stake in Alerian Energy Infrastructure ETF during the fourth quarter valued at about $61,000. Fifth Third Securities Inc. acquired a new position in shares of Alerian Energy Infrastructure ETF in the 4th quarter valued at about $215,000. 10Elms LLP acquired a new position in shares of Alerian Energy Infrastructure ETF in the 4th quarter valued at about $221,000. Ameriprise Financial Inc. grew its holdings in shares of Alerian Energy Infrastructure ETF by 34.6% during the 4th quarter. Ameriprise Financial Inc. now owns 27,850 shares of the company’s stock worth $868,000 after purchasing an additional 7,156 shares during the period. Finally, Pointe Capital Management LLC acquired a new stake in Alerian Energy Infrastructure ETF during the 4th quarter worth approximately $247,000.

Alerian Energy Infrastructure ETF Company Profile

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.