Traders Purchase High Volume of Call Options on Alerian MLP ETF (NYSEARCA:AMLP)

Alerian MLP ETF (NYSEARCA:AMLP) was the target of unusually large options trading activity on Friday. Investors acquired 6,170 call options on the company. This represents an increase of approximately 429% compared to the typical daily volume of 1,166 call options.

Alerian MLP ETF Trading Up 0.9%

NYSEARCA:AMLP traded up $0.41 during trading hours on Friday, reaching $47.97. 450,955 shares of the company traded hands, compared to its average volume of 1,993,876. The business’s 50-day moving average price is $47.13 and its two-hundred day moving average price is $47.63. The stock has a market capitalization of $10.75 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. REAP Financial Group LLC increased its holdings in Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Nova Wealth Management Inc. bought a new stake in shares of Alerian MLP ETF in the second quarter worth approximately $28,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Alerian MLP ETF during the second quarter valued at approximately $29,000. Manchester Capital Management LLC bought a new position in Alerian MLP ETF during the second quarter valued at approximately $29,000. Finally, GAMMA Investing LLC boosted its holdings in Alerian MLP ETF by 213.9% in the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares during the last quarter.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).