HighTower Advisors LLC Raises Stock Position in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

HighTower Advisors LLC increased its stake in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJGet Rating) by 39.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,738 shares of the exchange traded fund’s stock after purchasing an additional 32,392 shares during the quarter. HighTower Advisors LLC owned 0.09% of JPMorgan Alerian MLP Index ETN worth $2,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMJ. LPL Financial LLC boosted its holdings in JPMorgan Alerian MLP Index ETN by 2,217.5% in the fourth quarter. LPL Financial LLC now owns 824,029 shares of the exchange traded fund’s stock worth $17,923,000 after purchasing an additional 788,472 shares during the last quarter. Edge Capital Group LLC boosted its holdings in JPMorgan Alerian MLP Index ETN by 2,683.3% in the third quarter. Edge Capital Group LLC now owns 233,797 shares of the exchange traded fund’s stock worth $4,690,000 after purchasing an additional 225,397 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in JPMorgan Alerian MLP Index ETN by 1,248.8% in the first quarter. Baird Financial Group Inc. now owns 228,612 shares of the exchange traded fund’s stock worth $4,780,000 after purchasing an additional 211,663 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in JPMorgan Alerian MLP Index ETN in the first quarter worth approximately $3,646,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in JPMorgan Alerian MLP Index ETN in the first quarter worth approximately $1,854,000.

Insider Transactions at JPMorgan Alerian MLP Index ETN

In other news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Alerian MLP Index ETN stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the transaction, the chief executive officer now owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the sale, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the sale, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The disclosure for this sale can be found here. Insiders have sold 136,578 shares of company stock worth $18,543,247 in the last 90 days.

JPMorgan Alerian MLP Index ETN Trading Down 0.4 %

Shares of JPMorgan Alerian MLP Index ETN stock opened at $22.99 on Tuesday. The company’s fifty day simple moving average is $22.18 and its 200-day simple moving average is $22.41. JPMorgan Alerian MLP Index ETN has a 1-year low of $17.73 and a 1-year high of $23.84.

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Institutional Ownership by Quarter for JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

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