Blume Capital Management Inc. Reduces Stake in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

Blume Capital Management Inc. lowered its position in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,850 shares of the exchange traded fund’s stock after selling 3,000 shares during the period. JPMorgan Alerian MLP Index ETN comprises approximately 1.4% of Blume Capital Management Inc.’s holdings, making the stock its 27th largest holding. Blume Capital Management Inc. owned about 0.09% of JPMorgan Alerian MLP Index ETN worth $2,834,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in JPMorgan Alerian MLP Index ETN by 110.2% in the first quarter. JPMorgan Chase & Co. now owns 22,959,983 shares of the exchange traded fund’s stock valued at $585,709,000 after purchasing an additional 12,037,757 shares during the last quarter. Creative Planning increased its position in shares of JPMorgan Alerian MLP Index ETN by 3.2% during the first quarter. Creative Planning now owns 7,238,115 shares of the exchange traded fund’s stock worth $184,644,000 after purchasing an additional 224,082 shares in the last quarter. Brighton Jones LLC boosted its stake in JPMorgan Alerian MLP Index ETN by 1.8% during the first quarter. Brighton Jones LLC now owns 3,467,655 shares of the exchange traded fund’s stock worth $88,460,000 after buying an additional 61,397 shares during the last quarter. Cibc Bank USA boosted its stake in JPMorgan Alerian MLP Index ETN by 13.5% during the first quarter. Cibc Bank USA now owns 2,493,257 shares of the exchange traded fund’s stock worth $63,603,000 after buying an additional 297,073 shares during the last quarter. Finally, Richard C. Young & CO. LTD. boosted its stake in JPMorgan Alerian MLP Index ETN by 42.8% during the first quarter. Richard C. Young & CO. LTD. now owns 700,912 shares of the exchange traded fund’s stock worth $17,880,000 after buying an additional 209,996 shares during the last quarter.

NYSEARCA AMJ opened at $22.96 on Friday. The stock’s fifty day moving average is $24.91 and its two-hundred day moving average is $25.13. JPMorgan Alerian MLP Index ETN has a fifty-two week low of $21.09 and a fifty-two week high of $29.61.

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

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