Raymond James Financial Services Advisors Inc. Purchases 4,715 Shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

Raymond James Financial Services Advisors Inc. raised its position in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,883 shares of the exchange traded fund’s stock after acquiring 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 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AMJ. Mutual Advisors LLC bought a new stake in shares of JPMorgan Alerian MLP Index ETN in the fourth quarter valued at approximately $206,000. Sound Income Strategies LLC bought a new stake in shares of JPMorgan Alerian MLP Index ETN in the fourth quarter valued at approximately $88,000. Capital Asset Advisory Services LLC acquired a new position in JPMorgan Alerian MLP Index ETN during the fourth quarter valued at approximately $201,000. M&R Capital Management Inc. acquired a new position in JPMorgan Alerian MLP Index ETN during the fourth quarter valued at approximately $76,000. Finally, Comerica Bank acquired a new position in JPMorgan Alerian MLP Index ETN during the third quarter valued at approximately $162,000.

Insider Buying and Selling at JPMorgan Alerian MLP Index ETN

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

JPMorgan Alerian MLP Index ETN Stock Performance

Shares of AMJ opened at $27.07 on Wednesday. JPMorgan Alerian MLP Index ETN has a one year low of $21.61 and a one year high of $29.16. The firm 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 company also recently disclosed a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 29th were given a dividend of $0.4227 per share. This is an increase from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date was Wednesday, February 28th.