Capital Asset Advisory Services LLC Purchases New Holdings in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

Capital Asset Advisory Services LLC purchased a new stake in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,930 shares of the exchange traded fund’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in JPMorgan Alerian MLP Index ETN by 5.4% during the second quarter. JPMorgan Chase & Co. now owns 75,142,569 shares of the exchange traded fund’s stock valued at $1,721,516,000 after purchasing an additional 3,825,015 shares during the period. Equitable Holdings Inc. grew its holdings in JPMorgan Alerian MLP Index ETN by 547.2% during the fourth quarter. Equitable Holdings Inc. now owns 288,050 shares of the exchange traded fund’s stock valued at $6,265,000 after purchasing an additional 243,541 shares during the period. Baird Financial Group Inc. grew its holdings in JPMorgan Alerian MLP Index ETN by 1,248.8% during the first quarter. Baird Financial Group Inc. now owns 228,612 shares of the exchange traded fund’s stock valued at $4,780,000 after purchasing an additional 211,663 shares during the period. Bank of America Corp DE grew its holdings in JPMorgan Alerian MLP Index ETN by 18.7% during the fourth quarter. Bank of America Corp DE now owns 1,201,689 shares of the exchange traded fund’s stock valued at $261,000 after purchasing an additional 189,535 shares during the period. Finally, International Assets Investment Management LLC bought a new position in JPMorgan Alerian MLP Index ETN during the first quarter valued at $3,646,000.

JPMorgan Alerian MLP Index ETN Price Performance

Shares of NYSEARCA AMJ opened at $27.87 on Tuesday. The stock has a fifty day simple moving average of $26.79 and a two-hundred day simple moving average of $25.61. JPMorgan Alerian MLP Index ETN has a 1-year low of $20.71 and a 1-year high of $28.25.

JPMorgan Alerian MLP Index ETN Increases Dividend

The company also recently disclosed 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 positive change from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 28th.

Insider Transactions at JPMorgan Alerian MLP Index ETN

In other news, CEO James Dimon sold 821,778 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James Dimon sold 821,778 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 value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders sold 845,383 shares of company stock valued at $154,341,636 over the last three months.

Further Reading

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

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