InfraCap MLP ETF (NYSEARCA:AMZA) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

InfraCap MLP ETF (NYSEARCA:AMZA) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $46.51 and traded as low as $44.59. InfraCap MLP ETF shares last traded at $45.25, with a volume of 25,817 shares.

InfraCap MLP ETF Stock Performance

The stock has a market cap of $430.78 million, a price-to-earnings ratio of 14.44 and a beta of 1.94. The company has a 50-day moving average of $46.56 and a 200-day moving average of $43.50.

Hedge Funds Weigh In On InfraCap MLP ETF

Hedge funds have recently bought and sold shares of the stock. Fifth Third Securities Inc. acquired a new position in shares of InfraCap MLP ETF during the fourth quarter worth about $328,000. Ameriflex Group Inc. acquired a new position in shares of InfraCap MLP ETF during the fourth quarter worth about $586,000. Finally, OLD Mission Capital LLC acquired a new position in shares of InfraCap MLP ETF during the fourth quarter worth about $208,000.

InfraCap MLP ETF Company Profile

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.