Envestnet Asset Management Inc. reduced its holdings in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,191,546 shares of the exchange traded fund’s stock after selling 343,114 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JPMorgan Alerian MLP Index ETN were worth $30,396,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AMJ. Cibc Bank USA raised its stake in shares of JPMorgan Alerian MLP Index ETN by 13.5% during the 1st 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 in the last quarter. Wells Fargo & Company MN raised its stake in shares of JPMorgan Alerian MLP Index ETN by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 419,285 shares of the exchange traded fund’s stock worth $10,696,000 after buying an additional 34,258 shares in the last quarter. HCR Wealth Advisors raised its stake in shares of JPMorgan Alerian MLP Index ETN by 32.5% during the 1st quarter. HCR Wealth Advisors now owns 169,762 shares of the exchange traded fund’s stock worth $9,120,000 after buying an additional 41,660 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of JPMorgan Alerian MLP Index ETN by 10.3% during the 1st quarter. Crestwood Advisors Group LLC now owns 595,553 shares of the exchange traded fund’s stock worth $15,193,000 after buying an additional 55,788 shares in the last quarter. Finally, Biltmore Capital Advisors LLC purchased a new position in shares of JPMorgan Alerian MLP Index ETN during the 1st quarter worth approximately $5,692,000.

Shares of AMJ stock opened at $24.27 on Monday. JPMorgan Alerian MLP Index ETN has a 12-month low of $21.09 and a 12-month high of $29.87.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.4106 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Tuesday, May 28th.

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

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