Mariner Investment Group LLC Takes Position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (AMJ)

Mariner Investment Group LLC bought a new position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 390,000 shares of the exchange traded fund’s stock, valued at approximately $11,583,000. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN makes up approximately 6.3% of Mariner Investment Group LLC’s investment portfolio, making the stock its 6th largest position.

A number of other large investors have also added to or reduced their stakes in AMJ. Sage Financial Group Inc. boosted its position in shares of 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 worth $39,920,000 after buying an additional 156,180 shares in the last quarter. Regentatlantic Capital LLC boosted its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 1.6% in the second quarter. Regentatlantic Capital LLC now owns 1,185,531 shares of the exchange traded fund’s stock worth $35,210,000 after buying an additional 18,861 shares in the last quarter. Alpha Cubed Investments LLC boosted its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 25.3% in the second quarter. Alpha Cubed Investments LLC now owns 117,297 shares of the exchange traded fund’s stock worth $3,484,000 after buying an additional 23,676 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 2,870.0% in the second quarter. Harbour Capital Advisors LLC now owns 54,945 shares of the exchange traded fund’s stock worth $1,850,000 after buying an additional 53,095 shares in the last quarter. Finally, Meritage Portfolio Management boosted its stake in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 29.5% in the second quarter. Meritage Portfolio Management now owns 50,715 shares of the exchange traded fund’s stock worth $1,506,000 after buying an additional 11,540 shares in the last quarter.

Shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA AMJ) opened at 27.43 on Friday. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN has a 52-week low of $27.23 and a 52-week high of $34.41. The company’s 50-day moving average price is $29.43 and its 200-day moving average price is $31.05.

The business also recently announced 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. This represents a $1.93 dividend on an annualized basis and a dividend yield of 7.04%. 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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