MAI Capital Management cut its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,198 shares of the exchange traded fund’s stock after selling 20,334 shares during the period. MAI Capital Management’s holdings in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN were worth $10,431,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Apriem Advisors boosted its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 1.8% in the second quarter. Apriem Advisors now owns 17,995 shares of the exchange traded fund’s stock worth $534,000 after buying an additional 320 shares during the last quarter. New England Investment & Retirement Group Inc. boosted its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 5.4% in the second quarter. New England Investment & Retirement Group Inc. now owns 130,460 shares of the exchange traded fund’s stock worth $3,875,000 after buying an additional 6,722 shares during the last quarter. Meritage Portfolio Management boosted its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 29.5% in the second quarter. Meritage Portfolio Management now owns 50,715 shares of the exchange traded fund’s stock worth $1,506,000 after buying an additional 11,540 shares during the last quarter. Regentatlantic Capital LLC boosted its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 1.6% in the second quarter. Regentatlantic Capital LLC now owns 1,185,531 shares of the exchange traded fund’s stock worth $35,210,000 after buying an additional 18,861 shares during the last quarter. Finally, Country Trust Bank boosted its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 5.6% in the second quarter. Country Trust Bank now owns 167,459 shares of the exchange traded fund’s stock worth $4,974,000 after buying an additional 8,820 shares during the last quarter.
Shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA AMJ) traded up 0.418% during trading on Wednesday, hitting $27.625. 456,808 shares of the company’s stock were exchanged. The company has a 50-day moving average of $29.35 and a 200-day moving average of $30.97. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN has a 12-month low of $26.99 and a 12-month high of $34.41.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be paid a $0.483 dividend. This represents a $1.93 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Thursday, August 24th.
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