FFT Wealth Management LLC reduced its stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,004 shares of the exchange traded fund’s stock after selling 71,507 shares during the period. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN makes up approximately 4.0% of FFT Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. FFT Wealth Management LLC’s holdings in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN were worth $12,444,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Solaris Asset Management LLC increased its stake in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 1.1% in the second quarter. Solaris Asset Management LLC now owns 3,845 shares of the exchange traded fund’s stock valued at $114,000 after buying an additional 40 shares in the last quarter. Insight 2811 Inc. acquired a new stake in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the second quarter valued at about $332,000. Apriem Advisors increased its stake in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 1.8% in the second quarter. Apriem Advisors now owns 17,995 shares of the exchange traded fund’s stock valued at $534,000 after buying an additional 320 shares in the last quarter. Ruggie Capital Group increased its stake in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 14.5% in the second quarter. Ruggie Capital Group now owns 18,055 shares of the exchange traded fund’s stock valued at $536,000 after buying an additional 2,285 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its stake in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 2.9% in the second quarter. WASHINGTON TRUST Co now owns 20,070 shares of the exchange traded fund’s stock valued at $595,000 after buying an additional 568 shares in the last quarter.

Shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (AMJ) traded down 0.446% during midday trading on Wednesday, reaching $27.248. The company had a trading volume of 112,521 shares. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN has a 52-week low of $26.99 and a 52-week high of $34.41. The company’s 50-day moving average is $29.11 and its 200-day moving average is $30.83.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th will be paid a $0.483 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.93 annualized dividend and a dividend yield of 7.06%.

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

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