Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Sees Large Volume Increase – Here’s What Happened

Shares of Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) saw unusually-high trading volume on Monday. 91,043 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 88,126 shares. The stock last traded at $39.8260 and had previously closed at $40.39.

Alerian Energy Infrastructure ETF Stock Down 2.8%

The firm has a market capitalization of $544.90 million, a price-to-earnings ratio of 18.78 and a beta of 0.65. The stock’s fifty day moving average is $38.84 and its two-hundred day moving average is $37.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ENFR. Miller Howard Investments Inc. NY bought a new stake in shares of Alerian Energy Infrastructure ETF in the 3rd quarter valued at about $311,000. Bank of New York Mellon Corp bought a new position in Alerian Energy Infrastructure ETF during the first quarter worth about $528,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Alerian Energy Infrastructure ETF during the third quarter worth about $1,274,000.

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.