iPath Select MLP ETN (NYSEARCA:ATMP) Sees Large Volume Increase – Here’s What Happened

iPath Select MLP ETN (NYSEARCA:ATMP) shares saw an uptick in trading volume on Monday . 31,803 shares changed hands during mid-day trading, an increase of 12% from the previous session’s volume of 28,314 shares.The stock last traded at $28.7740 and had previously closed at $28.80.

iPath Select MLP ETN Stock Performance

The company has a fifty day moving average of $28.45 and a two-hundred day moving average of $28.66.

iPath Select MLP ETN Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were given a dividend of $0.3981 per share. This is a positive change from iPath Select MLP ETN’s previous quarterly dividend of $0.38. This represents a $1.59 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, December 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iPath Select MLP ETN stock. Focus Partners Advisor Solutions LLC bought a new stake in shares of iPath Select MLP ETN (NYSEARCA:ATMP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,552 shares of the company’s stock, valued at approximately $293,000. Focus Partners Advisor Solutions LLC owned 0.05% of iPath Select MLP ETN as of its most recent filing with the Securities and Exchange Commission.

iPath Select MLP ETN Company Profile

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.