JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Holdings Raised by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its stake in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 432,068 shares of the exchange traded fund’s stock after acquiring an additional 8,671 shares during the period. JPMorgan Alerian MLP Index ETN accounts for about 2.0% of Parkside Financial Bank & Trust’s investment portfolio, making the stock its 7th biggest position. Parkside Financial Bank & Trust’s holdings in JPMorgan Alerian MLP Index ETN were worth $10,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AMJ. CWM LLC increased its stake in JPMorgan Alerian MLP Index ETN by 367.4% during the 4th quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 1,613 shares during the period. M&R Capital Management Inc. purchased a new stake in JPMorgan Alerian MLP Index ETN during the 4th quarter worth approximately $76,000. Sound Income Strategies LLC purchased a new stake in JPMorgan Alerian MLP Index ETN during the 4th quarter worth approximately $88,000. Arlington Trust Co LLC purchased a new stake in JPMorgan Alerian MLP Index ETN during the 4th quarter worth approximately $142,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in JPMorgan Alerian MLP Index ETN during the 3rd quarter worth approximately $201,000.

JPMorgan Alerian MLP Index ETN Price Performance

AMJ traded down $0.10 during trading hours on Wednesday, hitting $28.21. 16,232 shares of the company’s stock were exchanged, compared to its average volume of 518,058. JPMorgan Alerian MLP Index ETN has a 12-month low of $21.61 and a 12-month high of $29.16. The firm has a 50 day moving average of $27.89 and a 200 day moving average of $26.33.

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 $0.4227 dividend. The ex-dividend date was Wednesday, February 28th. This is an increase from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41.

Insider Activity

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 value of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of the 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 sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,020,696 shares of company stock worth $186,794,151.