Northwestern Mutual Wealth Management Co. Has $60.63 Million Holdings in Alerian MLP ETF $AMLP

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 14,563.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,289,345 shares of the exchange traded fund’s stock after acquiring an additional 1,280,552 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Alerian MLP ETF were worth $60,625,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Left Brain Wealth Management LLC boosted its holdings in Alerian MLP ETF by 0.9% during the fourth quarter. Left Brain Wealth Management LLC now owns 146,961 shares of the exchange traded fund’s stock worth $6,910,000 after purchasing an additional 1,314 shares during the last quarter. USAdvisors Wealth Management LLC acquired a new position in Alerian MLP ETF during the fourth quarter worth $256,000. Thrivent Financial for Lutherans boosted its holdings in Alerian MLP ETF by 1,508.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 406,459 shares of the exchange traded fund’s stock worth $19,116,000 after purchasing an additional 381,190 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Alerian MLP ETF by 79.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 8,957 shares of the exchange traded fund’s stock worth $421,000 after purchasing an additional 3,972 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its holdings in Alerian MLP ETF by 0.9% during the fourth quarter. Berkeley Capital Partners LLC now owns 63,205 shares of the exchange traded fund’s stock worth $2,972,000 after purchasing an additional 572 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $54.05 on Monday. Alerian MLP ETF has a 12 month low of $44.64 and a 12 month high of $54.33. The firm has a fifty day simple moving average of $52.64 and a 200 day simple moving average of $49.98. The stock has a market capitalization 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).