Cwm LLC Boosts Holdings in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

Cwm LLC boosted its position in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 367.4% in the fourth quarter, HoldingsChannel reports. The fund owned 2,052 shares of the exchange traded fund’s stock after purchasing an additional 1,613 shares during the quarter. Cwm LLC’s holdings in JPMorgan Alerian MLP Index ETN were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMJ. Raymond James Financial Services Advisors Inc. raised its holdings in shares of JPMorgan Alerian MLP Index ETN by 31.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,168 shares of the exchange traded fund’s stock worth $597,000 after purchasing an additional 5,836 shares during the last quarter. Congress Wealth Management LLC DE grew its position in JPMorgan Alerian MLP Index ETN by 14.1% during the third quarter. Congress Wealth Management LLC DE now owns 79,888 shares of the exchange traded fund’s stock valued at $1,973,000 after buying an additional 9,888 shares during the period. Fifth Third Bancorp grew its position in JPMorgan Alerian MLP Index ETN by 196.0% during the third quarter. Fifth Third Bancorp now owns 16,612 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 11,000 shares during the period. Smallwood Wealth Investment Management LLC grew its position in JPMorgan Alerian MLP Index ETN by 2.0% during the third quarter. Smallwood Wealth Investment Management LLC now owns 58,808 shares of the exchange traded fund’s stock valued at $1,453,000 after buying an additional 1,166 shares during the period. Finally, Tranquility Partners LLC grew its position in JPMorgan Alerian MLP Index ETN by 5.3% during the third quarter. Tranquility Partners LLC now owns 28,092 shares of the exchange traded fund’s stock valued at $694,000 after buying an additional 1,412 shares during the period.

JPMorgan Alerian MLP Index ETN Stock Performance

AMJ stock opened at $28.82 on Friday. The firm’s fifty day moving average is $28.13 and its 200 day moving average is $26.60. JPMorgan Alerian MLP Index ETN has a one year low of $21.85 and a one year high of $29.16.

JPMorgan Alerian MLP Index ETN Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 29th were given a dividend of $0.4227 per share. The ex-dividend date was Wednesday, February 28th. This is a positive change from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41.

Insider Activity at JPMorgan Alerian MLP Index ETN

In other news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Alerian MLP Index ETN stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a document filed with the SEC, 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 dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Alerian MLP Index ETN stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,063,506 shares of company stock worth $195,024,605.

JPMorgan Alerian MLP Index ETN Profile

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.