InfraCap MLP ETF (NYSEARCA:AMZA) Trading Down 0.3% – Here’s Why

InfraCap MLP ETF (NYSEARCA:AMZA)’s stock price dropped 0.3% during mid-day trading on Monday . The company traded as low as $46.91 and last traded at $47.51. Approximately 27,075 shares were traded during trading, a decline of 26% from the average daily volume of 36,617 shares. The stock had previously closed at $47.64.

InfraCap MLP ETF Trading Up 0.5 %

The firm has a market cap of $457.16 million, a P/E ratio of 14.21 and a beta of 1.43. The business’s fifty day simple moving average is $47.33 and its 200-day simple moving average is $44.35.

Institutional Investors Weigh In On InfraCap MLP ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC bought a new stake in InfraCap MLP ETF during the fourth quarter valued at about $208,000. Fifth Third Securities Inc. purchased a new position in shares of InfraCap MLP ETF in the 4th quarter valued at about $328,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of InfraCap MLP ETF during the fourth quarter worth about $586,000.

About InfraCap MLP ETF

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.