Blume Capital Management Inc. Invests $2.62 Million in JPMorgan Alerian MLP Index ETN (AMJ) Stock

Blume Capital Management Inc. acquired a new stake in JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 117,250 shares of the exchange traded fund’s stock, valued at approximately $2,617,000. JPMorgan Alerian MLP Index ETN makes up about 1.5% of Blume Capital Management Inc.’s portfolio, making the stock its 27th biggest position. Blume Capital Management Inc. owned 0.10% of JPMorgan Alerian MLP Index ETN at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Meritage Portfolio Management raised its stake in JPMorgan Alerian MLP Index ETN by 9.3% during the 3rd quarter. Meritage Portfolio Management now owns 85,285 shares of the exchange traded fund’s stock valued at $2,342,000 after buying an additional 7,270 shares during the last quarter. Barry Investment Advisors LLC purchased a new stake in JPMorgan Alerian MLP Index ETN during the 3rd quarter valued at $12,580,000. Bank of Montreal Can raised its stake in JPMorgan Alerian MLP Index ETN by 35.2% during the 3rd quarter. Bank of Montreal Can now owns 696,704 shares of the exchange traded fund’s stock valued at $19,131,000 after buying an additional 181,413 shares during the last quarter. Creative Planning raised its stake in JPMorgan Alerian MLP Index ETN by 11,794.4% during the 4th quarter. Creative Planning now owns 7,019,384 shares of the exchange traded fund’s stock valued at $156,673,000 after buying an additional 6,960,370 shares during the last quarter. Finally, Financial Architects Inc raised its stake in JPMorgan Alerian MLP Index ETN by 79.8% during the 3rd quarter. Financial Architects Inc now owns 14,678 shares of the exchange traded fund’s stock valued at $403,000 after buying an additional 6,516 shares during the last quarter.

NYSEARCA:AMJ opened at $24.48 on Tuesday. JPMorgan Alerian MLP Index ETN has a one year low of $21.09 and a one year high of $29.87.

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Institutional Ownership by Quarter for JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

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