Sequoia Financial Advisors LLC decreased its position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,181 shares of the exchange traded fund’s stock after selling 24,167 shares during the period. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN accounts for 0.7% of Sequoia Financial Advisors LLC’s holdings, making the stock its 27th largest position. Sequoia Financial Advisors LLC’s holdings in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN were worth $5,975,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Solaris Asset Management LLC raised its position 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 during the last quarter. Insight 2811 Inc. acquired a new position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the second quarter valued at about $332,000. Apriem Advisors raised its position 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 during the last quarter. Ruggie Capital Group raised its position 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 during the last quarter. Finally, WASHINGTON TRUST Co raised its position 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 during the last quarter.

JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA AMJ) opened at 28.112 on Friday. 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 stock has a 50 day moving average price of $28.88 and a 200 day moving average price of $30.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be given a $0.483 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.93 dividend on an annualized basis and a dividend yield of 6.86%.

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

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