NewEdge Advisors LLC has increased its holdings in Antero Midstream by 15.0% during the first quarter, acquiring more than 21,000 additional shares. The transaction, disclosed in a recent SEC filing, now brings the firm’s total stake in the pipeline company to over 162,000 shares.
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NewEdge Advisors LLC Purchases 21,229 Shares of Antero Midstream Corporation $AM
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Key Takeaways:
- NewEdge Advisors LLC expanded its investment in Antero Midstream by 15.0%
- The firm added 21,229 shares in the first quarter
- Total holdings now stand at 162,416 shares
- These details come from a recent 13F filing with the SEC
- Antero Midstream operates as a pipeline company listed on the NYSE under AM
Overview of the Increased Stake
NewEdge Advisors LLC lifted its position in Antero Midstream Corporation by 15.0% during the first quarter. According to the company’s most recent 13F filing, the decision to acquire additional shares underscores the firm’s growing interest in the pipeline sector.
Details from the 13F Filing
In a move that added 21,229 shares to its portfolio, NewEdge Advisors LLC now holds a total of 162,416 shares of Antero Midstream stock. The filing, submitted to the Securities and Exchange Commission, records the firm’s latest investment activity.
Antero Midstream’s Profile
Antero Midstream Corporation, listed on the NYSE under the ticker symbol AM, is a pipeline company. Its focus on midstream operations has attracted attention from investors like NewEdge Advisors LLC, particularly given the company’s role in supporting energy infrastructure.
Significance of the Stake Increase
Though the precise motivations behind this expanded investment remain undisclosed, NewEdge Advisors LLC’s decision to boost its holdings by 15.0% indicates confidence in Antero Midstream’s ongoing performance. As energy and pipeline interests continue to evolve, such moves can signal broader trends in industry investment strategies.
