2,640 Shares in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Acquired by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC acquired a new position in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,640 shares of the exchange traded fund’s stock, valued at approximately $67,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its position in JPMorgan Alerian MLP Index ETN by 367.4% in the 4th quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 1,613 shares during the period. M&R Capital Management Inc. acquired a new position in JPMorgan Alerian MLP Index ETN in the 4th quarter valued at approximately $76,000. Sound Income Strategies LLC acquired a new position in JPMorgan Alerian MLP Index ETN in the 4th quarter valued at approximately $88,000. Arlington Trust Co LLC acquired a new position in JPMorgan Alerian MLP Index ETN in the 4th quarter valued at approximately $142,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in JPMorgan Alerian MLP Index ETN in the 3rd quarter valued at approximately $201,000.

JPMorgan Alerian MLP Index ETN Trading Up 0.4 %

Shares of AMJ traded up $0.12 during trading hours on Monday, hitting $28.39. 307,852 shares of the stock were exchanged, compared to its average volume of 522,655. JPMorgan Alerian MLP Index ETN has a fifty-two week low of $21.85 and a fifty-two week high of $29.16. The business has a 50-day moving average of $28.03 and a 200-day moving average of $26.52.

JPMorgan Alerian MLP Index ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 29th were given a $0.4227 dividend. 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

In other JPMorgan Alerian MLP Index ETN news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred 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 directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was 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 $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 in the last ninety days.

About JPMorgan Alerian MLP Index ETN

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.