iPath Select MLP ETN (NYSEARCA:ATMP) Trading Down 0.2% – What’s Next?

iPath Select MLP ETN (NYSEARCA:ATMP) traded down 0.2% during trading on Thursday . The company traded as low as $36.34 and last traded at $36.34. 3,089 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 22,783 shares. The stock had previously closed at $36.42.

iPath Select MLP ETN Stock Performance

The stock has a 50 day moving average price of $35.24 and a two-hundred day moving average price of $34.33.

iPath Select MLP ETN Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were issued a $0.4088 dividend. This is an increase from iPath Select MLP ETN’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, May 29th.

Institutional Trading of iPath Select MLP ETN

A hedge fund recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. bought a new position in shares of iPath Select MLP ETN (NYSEARCA:ATMP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,900 shares of the company’s stock, valued at approximately $114,000.

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.