Rehmann Capital Advisory Group Trims Stake in JPMorgan Alerian MLP Index ETN (AMJ)

Rehmann Capital Advisory Group lowered its holdings in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,594 shares of the exchange traded fund’s stock after selling 15,240 shares during the quarter. Rehmann Capital Advisory Group owned approximately 0.06% of JPMorgan Alerian MLP Index ETN worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of JPMorgan Alerian MLP Index ETN by 28.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,064,383 shares of the exchange traded fund’s stock valued at $660,808,000 after purchasing an additional 5,385,333 shares during the last quarter. Brighton Jones LLC increased its position in shares of JPMorgan Alerian MLP Index ETN by 4.2% during the 3rd quarter. Brighton Jones LLC now owns 3,349,389 shares of the exchange traded fund’s stock valued at $91,974,000 after purchasing an additional 134,338 shares during the last quarter. Morgan Stanley increased its position in shares of JPMorgan Alerian MLP Index ETN by 1.1% during the 2nd quarter. Morgan Stanley now owns 3,188,677 shares of the exchange traded fund’s stock valued at $84,755,000 after purchasing an additional 35,673 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of JPMorgan Alerian MLP Index ETN by 3,774.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 3,185,281 shares of the exchange traded fund’s stock valued at $84,666,000 after purchasing an additional 3,103,072 shares during the last quarter. Finally, Cibc Bank USA increased its position in shares of JPMorgan Alerian MLP Index ETN by 1.8% during the 3rd quarter. Cibc Bank USA now owns 2,538,929 shares of the exchange traded fund’s stock valued at $69,719,000 after purchasing an additional 44,230 shares during the last quarter.

Shares of NYSEARCA AMJ traded up $0.20 during midday trading on Friday, hitting $24.56. 202,549 shares of the company’s stock traded hands, compared to its average volume of 2,156,704. JPMorgan Alerian MLP Index ETN has a 1 year low of $23.17 and a 1 year high of $30.74.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Thursday, November 29th will be given a dividend of $0.4501 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.33%. The ex-dividend date is Wednesday, November 28th.

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

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