MAI Capital Management Sells 149,844 Shares of JPMorgan Alerian MLP Index ETN (AMJ)

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MAI Capital Management reduced its position in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 48.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,153 shares of the exchange traded fund’s stock after selling 149,844 shares during the quarter. MAI Capital Management owned approximately 0.13% of JPMorgan Alerian MLP Index ETN worth $3,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMJ. Private Capital Group LLC acquired a new position in shares of JPMorgan Alerian MLP Index ETN during the fourth quarter worth about $27,000. We Are One Seven LLC acquired a new position in shares of JPMorgan Alerian MLP Index ETN during the fourth quarter worth about $31,000. Cedar Wealth Management LLC acquired a new position in shares of JPMorgan Alerian MLP Index ETN during the fourth quarter worth about $44,000. Zions Bancorporation acquired a new position in shares of JPMorgan Alerian MLP Index ETN during the third quarter worth about $133,000. Finally, IMA Wealth Inc. acquired a new position in shares of JPMorgan Alerian MLP Index ETN during the fourth quarter worth about $127,000.

Shares of JPMorgan Alerian MLP Index ETN stock traded up $0.02 on Friday, reaching $25.55. 1,379,836 shares of the company were exchanged, compared to its average volume of 3,348,334. JPMorgan Alerian MLP Index ETN has a 1-year low of $21.09 and a 1-year high of $29.87.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, March 1st will be given a dividend of $0.4615 per share. The ex-dividend date of this dividend is Thursday, February 28th. This is an increase from JPMorgan Alerian MLP Index ETN’s previous quarterly dividend of $0.45. This represents a $1.85 dividend on an annualized basis and a dividend yield of 7.23%.

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

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