Highwater Wealth Management LLC Bought New Stake in Alerian MLP ETF (AMLP)

Highwater Wealth Management LLC Bought New Stake in Alerian MLP ETF (AMLP)

Highwater Wealth Management LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,950 shares of the exchange traded fund’s stock, valued at approximately $85,000.

Several other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Alerian MLP ETF by 5.3% during the third quarter. Wells Fargo & Company MN now owns 31,644,353 shares of the exchange traded fund’s stock worth $337,962,000 after purchasing an additional 1,585,065 shares during the period. Creative Planning lifted its holdings in Alerian MLP ETF by 17.6% in the third quarter. Creative Planning now owns 26,683,599 shares of the exchange traded fund’s stock valued at $284,981,000 after acquiring an additional 3,988,609 shares during the period. TIAA FSB lifted its holdings in Alerian MLP ETF by 2.1% in the third quarter. TIAA FSB now owns 8,753,026 shares of the exchange traded fund’s stock valued at $93,482,000 after acquiring an additional 176,321 shares during the period. First Republic Investment Management Inc. lifted its holdings in Alerian MLP ETF by 4.8% in the third quarter. First Republic Investment Management Inc. now owns 6,464,839 shares of the exchange traded fund’s stock valued at $69,044,000 after acquiring an additional 298,539 shares during the period. Finally, FIL Ltd lifted its holdings in Alerian MLP ETF by 2.8% in the third quarter. FIL Ltd now owns 5,994,801 shares of the exchange traded fund’s stock valued at $64,024,000 after acquiring an additional 161,930 shares during the period.

Alerian MLP ETF stock traded up $0.12 during midday trading on Wednesday, reaching $9.92. The company’s stock had a trading volume of 875,769 shares, compared to its average volume of 26,767,564. Alerian MLP ETF has a fifty-two week low of $8.27 and a fifty-two week high of $11.89.

About Alerian MLP ETF

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.

See Also: How to Calculate Compound Annual Growth Rate (CAGR)

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