Northwestern Mutual Wealth Management Co. Purchases 1,280,552 Shares of Alerian MLP ETF $AMLP

Northwestern Mutual Wealth Management Co. raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 14,563.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,289,345 shares of the exchange traded fund’s stock after purchasing an additional 1,280,552 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.57% of Alerian MLP ETF worth $60,625,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMLP. REAP Financial Group LLC increased its holdings in shares of Alerian MLP ETF by 2,000.0% during the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares during the period. BROOKFIELD Corp ON bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth about $65,000. Finally, First Horizon Corp increased its holdings in shares of Alerian MLP ETF by 396.7% during the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock worth $70,000 after purchasing an additional 1,190 shares during the period.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $54.05 on Monday. The firm’s 50-day moving average is $52.64 and its 200-day moving average is $49.98. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $54.33. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52.

Alerian MLP ETF Company Profile

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).