JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Shares Sold by Brighton Jones LLC

Brighton Jones LLC lessened its stake in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 78.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 360,575 shares of the exchange traded fund’s stock after selling 1,289,709 shares during the quarter. Brighton Jones LLC owned about 0.30% of JPMorgan Alerian MLP Index ETN worth $9,144,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. CWM LLC boosted its holdings in JPMorgan Alerian MLP Index ETN by 367.4% in the fourth 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 last quarter. M&R Capital Management Inc. acquired a new position in shares of JPMorgan Alerian MLP Index ETN during the 4th quarter valued at $76,000. Sound Income Strategies LLC purchased a new stake in JPMorgan Alerian MLP Index ETN during the 4th quarter worth $88,000. Arlington Trust Co LLC acquired a new stake in JPMorgan Alerian MLP Index ETN in the 4th quarter valued at $142,000. Finally, Capital Asset Advisory Services LLC purchased a new position in JPMorgan Alerian MLP Index ETN in the fourth quarter valued at about $201,000.

Insider Buying and Selling at JPMorgan Alerian MLP Index ETN

In other JPMorgan Alerian MLP Index ETN news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other JPMorgan Alerian MLP Index ETN news, Vice Chairman Peter Scher sold 1,810 shares of the company’s 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 $323,917.60. Following the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last ninety days.

JPMorgan Alerian MLP Index ETN Price Performance

Shares of NYSEARCA AMJ traded down $0.62 on Tuesday, hitting $27.98. The company had a trading volume of 600,752 shares, compared to its average volume of 523,142. JPMorgan Alerian MLP Index ETN has a 12-month low of $21.61 and a 12-month high of $29.16. The business has a 50 day moving average of $28.01 and a two-hundred day moving average of $26.43.

JPMorgan Alerian MLP Index ETN Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 8th. Investors 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.