LPL Financial LLC Trims Position in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

LPL Financial LLC lessened its position in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,115 shares of the exchange traded fund’s stock after selling 7,140 shares during the quarter. LPL Financial LLC’s holdings in JPMorgan Alerian MLP Index ETN were worth $571,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Miller Howard Investments Inc. NY grew its holdings in JPMorgan Alerian MLP Index ETN by 326.8% during the fourth quarter. Miller Howard Investments Inc. NY now owns 203,916 shares of the exchange traded fund’s stock valued at $2,832,000 after purchasing an additional 156,137 shares during the period. Fiduciary Group LLC bought a new stake in JPMorgan Alerian MLP Index ETN during the fourth quarter valued at about $190,000. Regal Investment Advisors LLC bought a new stake in JPMorgan Alerian MLP Index ETN during the fourth quarter valued at about $1,127,000. HighTower Advisors LLC grew its holdings in JPMorgan Alerian MLP Index ETN by 31.0% during the fourth quarter. HighTower Advisors LLC now owns 56,673 shares of the exchange traded fund’s stock valued at $787,000 after purchasing an additional 13,410 shares during the period. Finally, Simplex Trading LLC grew its holdings in JPMorgan Alerian MLP Index ETN by 48.4% during the fourth quarter. Simplex Trading LLC now owns 14,289 shares of the exchange traded fund’s stock valued at $198,000 after purchasing an additional 4,658 shares during the period.

In other news, CEO Gordon Smith sold 40,184 shares of the company’s stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $138.77, for a total value of $5,576,333.68. Following the completion of the transaction, the chief executive officer now owns 467,609 shares of the company’s stock, valued at $64,890,100.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 16,652 shares of the stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $138.77, for a total value of $2,310,798.04. Following the sale, the general counsel now owns 46,746 shares of the company’s stock, valued at approximately $6,486,942.42. The disclosure for this sale can be found here. Insiders have sold 104,363 shares of company stock valued at $14,285,514 in the last three months.

NYSEARCA:AMJ opened at $17.03 on Thursday. The stock has a 50-day simple moving average of $16.73 and a two-hundred day simple moving average of $14.49. JPMorgan Alerian MLP Index ETN has a 52-week low of $10.18 and a 52-week high of $17.70.

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

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