Providence Capital Advisors LLC Increases Stock Position in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

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Providence Capital Advisors LLC raised its stake in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,673 shares of the exchange traded fund’s stock after purchasing an additional 1,481 shares during the quarter. Providence Capital Advisors LLC’s holdings in JPMorgan Alerian MLP Index ETN were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. GWM Advisors LLC boosted its stake in shares of JPMorgan Alerian MLP Index ETN by 6.4% during the second quarter. GWM Advisors LLC now owns 15,846 shares of the exchange traded fund’s stock valued at $398,000 after purchasing an additional 948 shares during the period. Bristlecone Advisors LLC purchased a new stake in JPMorgan Alerian MLP Index ETN during the 2nd quarter valued at $699,000. Simmons Bank bought a new stake in JPMorgan Alerian MLP Index ETN in the 1st quarter worth $203,000. Richard C. Young & CO. LTD. grew its holdings in JPMorgan Alerian MLP Index ETN by 1.9% in the 2nd quarter. Richard C. Young & CO. LTD. now owns 714,172 shares of the exchange traded fund’s stock worth $17,933,000 after acquiring an additional 13,260 shares during the last quarter. Finally, Waters Parkerson & CO. LLC increased its position in shares of JPMorgan Alerian MLP Index ETN by 31.5% in the second quarter. Waters Parkerson & CO. LLC now owns 42,782 shares of the exchange traded fund’s stock valued at $1,074,000 after acquiring an additional 10,254 shares during the period.

Shares of NYSEARCA:AMJ traded down $0.05 during midday trading on Wednesday, hitting $23.33. 243,737 shares of the stock traded hands, compared to its average volume of 1,680,366. The business’s 50 day moving average is $23.73 and its two-hundred day moving average is $24.86. JPMorgan Alerian MLP Index ETN has a one year low of $21.09 and a one year high of $28.50.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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

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