Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Shares Up 1.2% – Should You Buy?

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as $32.99 and last traded at $32.88. 63,512 shares were traded 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 Stock Performance

The firm has a market cap of $305.13 million, a P/E ratio of 19.20 and a beta of 1.28. The stock’s 50 day simple moving average is $32.30 and its 200 day simple moving average is $30.92.

Alerian Energy Infrastructure ETF Increases Dividend

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

Institutional Investors Weigh In On Alerian Energy Infrastructure ETF

Institutional investors have recently bought and sold shares of the stock. Fifth Third Securities Inc. purchased a new position in Alerian Energy Infrastructure ETF during the 4th quarter worth $215,000. Pointe Capital Management LLC bought a new position in shares of Alerian Energy Infrastructure ETF during the fourth quarter valued at about $247,000. Ameriprise Financial Inc. boosted its holdings in Alerian Energy Infrastructure ETF by 34.6% during the fourth 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 last quarter. Ameriflex Group Inc. bought a new stake in Alerian Energy Infrastructure ETF in the 4th quarter worth about $61,000. Finally, 10Elms LLP purchased a new stake in Alerian Energy Infrastructure ETF in the 4th quarter valued at about $221,000.

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.