Raymond James Financial Services Advisors Inc. Grows Stock Holdings in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

Raymond James Financial Services Advisors Inc. increased its stake in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,883 shares of the exchange traded fund’s stock after purchasing an additional 4,715 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in JPMorgan Alerian MLP Index ETN were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in JPMorgan Alerian MLP Index ETN during the third quarter valued at approximately $26,000. UBS Group AG purchased a new stake in JPMorgan Alerian MLP Index ETN during the fourth quarter valued at approximately $34,000. Pacific Center for Financial Services purchased a new stake in JPMorgan Alerian MLP Index ETN during the first quarter valued at approximately $44,000. M&R Capital Management Inc. purchased a new stake in JPMorgan Alerian MLP Index ETN during the fourth quarter valued at approximately $76,000. Finally, Tyler Stone Wealth Management purchased a new stake in JPMorgan Alerian MLP Index ETN during the second quarter valued at approximately $82,000.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 in the last three months.

JPMorgan Alerian MLP Index ETN Stock Down 0.7 %

Shares of AMJ stock opened at $27.07 on Wednesday. JPMorgan Alerian MLP Index ETN has a 12 month low of $21.61 and a 12 month high of $29.16. The company has a 50 day simple moving average of $27.72 and a two-hundred day simple moving average of $26.17.

JPMorgan Alerian MLP Index ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.4227 per share. This is a boost from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date was Wednesday, February 28th.