Royal Bank of Canada Boosts Stake in Antero Midstream by 8.4% in Q1

MarketBeat reported that Royal Bank of Canada acquired more shares in Antero Midstream Corporation (NYSE:AM) during Q1, increasing its holdings by 8.4%. The fund now owns 852,859 shares worth $19,445,000. This is not the only institutional investor to increase its stake in the pipeline company; Arax Advisory Partners and Larson Financial Group LLC also boosted their positions.

According to SEC filings, Royal Bank of Canada bought an additional 66,012 shares during Q1. Meanwhile, other investors like Northwestern Mutual Wealth Management Co. and Geneos Wealth Management Inc. saw a significant increase in their holdings of Antero Midstream stock. Institutional investors now own 53.97% of the company's stock.

Antero Midstream Corporation is a midstream service provider that operates a network of gathering pipelines and compression stations across West Virginia, Pennsylvania, and Ohio. The company's core operations include gathering, compressing, processing, transporting, and storing natural gas, NGLs, and crude oil. Antero Midstream recently announced a quarterly dividend to be paid on August 12th, with an ex-dividend date of July 29th.