JPMorgan Chase & Co. Acquires 3,275,715 Shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

JPMorgan Chase & Co. raised its stake in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,657,063 shares of the exchange traded fund’s stock after purchasing an additional 3,275,715 shares during the quarter. JPMorgan Chase & Co. owned 46.77% of JPMorgan Alerian MLP Index ETN worth $923,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in JPMorgan Alerian MLP Index ETN by 8.7% during the 1st quarter. Brighton Jones LLC now owns 6,639,884 shares of the exchange traded fund’s stock worth $110,156,000 after acquiring an additional 533,723 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in JPMorgan Alerian MLP Index ETN by 3.8% in the 1st quarter. CIBC Private Wealth Group LLC now owns 5,019,355 shares of the exchange traded fund’s stock valued at $83,271,000 after purchasing an additional 185,703 shares during the period. Arlington Partners LLC raised its stake in shares of JPMorgan Alerian MLP Index ETN by 7.9% during the 1st quarter. Arlington Partners LLC now owns 1,008,242 shares of the exchange traded fund’s stock worth $16,727,000 after purchasing an additional 73,529 shares during the period. David Loasby boosted its holdings in shares of JPMorgan Alerian MLP Index ETN by 4.2% in the 4th quarter. David Loasby now owns 532,121 shares of the exchange traded fund’s stock worth $7,391,000 after buying an additional 21,672 shares during the last quarter. Finally, MAI Capital Management grew its position in JPMorgan Alerian MLP Index ETN by 6.0% during the first quarter. MAI Capital Management now owns 385,836 shares of the exchange traded fund’s stock valued at $6,401,000 after buying an additional 21,989 shares during the period.

In other JPMorgan Alerian MLP Index ETN news, insider Lori A. Beer sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $150.90, for a total value of $2,263,500.00. Following the completion of the transaction, the insider now owns 29,787 shares in the company, valued at approximately $4,494,858.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas B. Petno sold 11,512 shares of JPMorgan Alerian MLP Index ETN stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $150.90, for a total value of $1,737,160.80. Following the transaction, the chief executive officer now directly owns 373,531 shares of the company’s stock, valued at approximately $56,365,827.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,524 shares of company stock valued at $8,529,472.

AMJ stock traded up $0.23 during mid-day trading on Friday, hitting $20.79. The company had a trading volume of 25,459 shares, compared to its average volume of 721,275. JPMorgan Alerian MLP Index ETN has a 12 month low of $10.25 and a 12 month high of $20.60. The firm’s fifty day moving average is $18.24.

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

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