JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Position Boosted by Baird Financial Group Inc.

Posted by on Jun 12th, 2023

Baird Financial Group Inc. lifted its position in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ – Get Rating) by 39.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 318,787 shares of the exchange traded fund’s stock after buying an additional 89,442 shares during the quarter. Baird Financial Group Inc. owned about 0.26% of JPMorgan Alerian MLP Index ETN worth $6,934,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AMJ. LPL Financial LLC raised its stake in shares of JPMorgan Alerian MLP Index ETN by 2,217.5% in the fourth quarter. LPL Financial LLC now owns 824,029 shares of the exchange traded fund’s stock valued at $17,923,000 after purchasing an additional 788,472 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Alerian MLP Index ETN by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 67,135,935 shares of the exchange traded fund’s stock valued at $1,460,207,000 after purchasing an additional 549,083 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in JPMorgan Alerian MLP Index ETN by 4.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,220,966 shares of the exchange traded fund’s stock valued at $157,056,000 after acquiring an additional 316,368 shares during the period. Bank of America Corp DE grew its position in JPMorgan Alerian MLP Index ETN by 18.7% in the fourth quarter. Bank of America Corp DE now owns 1,201,689 shares of the exchange traded fund’s stock valued at $261,000 after acquiring an additional 189,535 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in JPMorgan Alerian MLP Index ETN in the first quarter valued at $3,646,000.

JPMorgan Alerian MLP Index ETN Trading Down 0.5 %

NYSEARCA:AMJ traded down $0.12 during mid-day trading on Monday, hitting $22.45. The company had a trading volume of 186,316 shares, compared to its average volume of 366,122. JPMorgan Alerian MLP Index ETN has a fifty-two week low of $17.73 and a fifty-two week high of $23.84. The business’s fifty day moving average is $22.44 and its two-hundred day moving average is $22.39.

Insider Transactions at JPMorgan Alerian MLP Index ETN

In related news, Vice Chairman Peter Scher sold 1,240 shares of JPMorgan Alerian MLP Index ETN stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.02, for a total value of $167,424.80. Following the sale, the insider now owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other JPMorgan Alerian MLP Index ETN news, CEO Douglas B. Petno sold 4,932 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the transaction, the chief executive officer now directly owns 282,091 shares in the company, valued at $38,054,075.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares of the company’s stock, valued at $6,083,461.12. The disclosure for this sale can be found here. Insiders have sold a total of 136,578 shares of company stock valued at $18,543,247 over the last 90 days.

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

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