Davidson & Garrard Inc. lowered its stake in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,431 shares of the exchange traded fund’s stock after selling 2,125 shares during the period. Davidson & Garrard Inc.’s holdings in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN were worth $1,973,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the second quarter valued at approximately $79,129,000. Mariner Investment Group LLC purchased a new stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the second quarter valued at approximately $11,583,000. Ballentine Partners LLC purchased a new stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the second quarter valued at approximately $5,801,000. Sage Financial Group Inc. raised its stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 13.1% in the second quarter. Sage Financial Group Inc. now owns 1,344,116 shares of the exchange traded fund’s stock valued at $39,920,000 after buying an additional 156,180 shares during the last quarter. Finally, Gainplan LLC purchased a new stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the second quarter valued at approximately $3,296,000.

JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA AMJ) traded down 0.236% during mid-day trading on Monday, hitting $27.425. 443,111 shares of the stock traded hands. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN has a 12 month low of $26.99 and a 12 month high of $34.41. The stock’s 50 day moving average is $29.11 and its 200-day moving average is $30.83.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 28th will be given a $0.483 dividend. This represents a $1.93 annualized dividend and a yield of 7.03%. The ex-dividend date is Thursday, August 24th.

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Institutional Ownership by Quarter for JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ)

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