Ameriprise Financial Inc. raised its stake in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 659,327 shares of the exchange traded fund’s stock after purchasing an additional 40,638 shares during the period. Ameriprise Financial Inc.’s holdings in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN were worth $18,605,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 141.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,151 shares of the exchange traded fund’s stock worth $153,000 after buying an additional 3,021 shares during the period. Bank of New York Mellon Corp purchased a new stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the third quarter worth approximately $215,000. Lenox Wealth Management Inc. grew its stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 17.3% during the second quarter. Lenox Wealth Management Inc. now owns 7,895 shares of the exchange traded fund’s stock worth $234,000 after buying an additional 1,164 shares during the period. Virtu KCG Holdings LLC purchased a new stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN during the second quarter worth approximately $242,000. Finally, Calamos Advisors LLC grew its stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 2.6% during the second quarter. Calamos Advisors LLC now owns 9,611 shares of the exchange traded fund’s stock worth $285,000 after buying an additional 241 shares during the period.

JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA AMJ) traded up $0.16 on Tuesday, reaching $27.10. 3,182,600 shares of the company’s stock traded hands, compared to its average volume of 2,111,140. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN has a 12 month low of $24.93 and a 12 month high of $34.41.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 29th were paid a dividend of $0.4741 per share. The ex-dividend date was Tuesday, November 28th. This represents a $1.90 annualized dividend and a yield of 7.00%.

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

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