Norden Group LLC Grows Position in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

Norden Group LLC increased its position in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 921.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 401,890 shares of the exchange traded fund’s stock after buying an additional 362,557 shares during the quarter. Norden Group LLC owned 0.33% of JPMorgan Alerian MLP Index ETN worth $11,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMJ. Steward Partners Investment Advisory LLC grew its position in shares of JPMorgan Alerian MLP Index ETN by 6.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,816 shares of the exchange traded fund’s stock worth $325,000 after buying an additional 796 shares during the last quarter. Montag A & Associates Inc. lifted its position in shares of JPMorgan Alerian MLP Index ETN by 53.6% in the 4th quarter. Montag A & Associates Inc. now owns 2,866 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,000 shares during the period. Everett Harris & Co. CA boosted its stake in shares of JPMorgan Alerian MLP Index ETN by 1.2% during the 4th quarter. Everett Harris & Co. CA now owns 100,816 shares of the exchange traded fund’s stock valued at $2,557,000 after purchasing an additional 1,160 shares in the last quarter. CWM LLC boosted its stake in shares of JPMorgan Alerian MLP Index ETN by 367.4% during the 4th quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC raised its stake in JPMorgan Alerian MLP Index ETN by 2.8% in the fourth quarter. Smallwood Wealth Investment Management LLC now owns 60,463 shares of the exchange traded fund’s stock worth $1,533,000 after buying an additional 1,655 shares in the last quarter.

JPMorgan Alerian MLP Index ETN Price Performance

JPMorgan Alerian MLP Index ETN stock opened at $28.30 on Thursday. JPMorgan Alerian MLP Index ETN has a fifty-two week low of $21.94 and a fifty-two week high of $29.16. The stock’s 50 day simple moving average is $28.32 and its two-hundred day simple moving average is $27.44.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori A. Beer sold 5,298 shares of JPMorgan Alerian MLP Index ETN stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the transaction, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The disclosure for this sale can be found here. Insiders sold a total of 245,479 shares of company stock worth $45,947,856 in the last quarter.

JPMorgan Alerian MLP Index ETN Company Profile

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.