Litman Gregory Asset Management LLC Acquires Shares of 5,550 JPMorgan Alerian MLP ETN (AMJ)

Litman Gregory Asset Management LLC acquired a new position in shares of JPMorgan Alerian MLP ETN (NYSEARCA:AMJ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,550 shares of the exchange traded fund’s stock, valued at approximately $157,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Commerce Bank raised its holdings in JPMorgan Alerian MLP ETN by 3.8% during the 3rd quarter. Commerce Bank now owns 3,633,747 shares of the exchange traded fund’s stock worth $102,544,000 after buying an additional 133,554 shares during the period. Brighton Jones LLC raised its holdings in JPMorgan Alerian MLP ETN by 13.4% during the 3rd quarter. Brighton Jones LLC now owns 3,020,995 shares of the exchange traded fund’s stock worth $85,252,000 after buying an additional 356,725 shares during the period. Haverford Trust Co. raised its holdings in JPMorgan Alerian MLP ETN by 4.3% during the 3rd quarter. Haverford Trust Co. now owns 1,716,580 shares of the exchange traded fund’s stock worth $48,442,000 after buying an additional 70,868 shares during the period. Sage Financial Group Inc. raised its holdings in JPMorgan Alerian MLP ETN by 4.8% during the 3rd quarter. Sage Financial Group Inc. now owns 1,408,133 shares of the exchange traded fund’s stock worth $39,738,000 after buying an additional 64,017 shares during the period. Finally, Keybank National Association OH raised its holdings in JPMorgan Alerian MLP ETN by 6.6% during the 3rd quarter. Keybank National Association OH now owns 1,384,822 shares of the exchange traded fund’s stock worth $39,080,000 after buying an additional 86,238 shares during the period.

Shares of JPMorgan Alerian MLP ETN (NYSEARCA AMJ) traded down $0.05 during mid-day trading on Friday, reaching $26.34. 360,358 shares of the company’s stock traded hands. JPMorgan Alerian MLP ETN has a 52-week low of $25.89 and a 52-week high of $34.41.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.4741 per share. The ex-dividend date is Tuesday, November 28th. This represents a $1.90 annualized dividend and a yield of 7.20%.

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

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