IFP Advisors Inc lowered its position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 30,070 shares of the exchange traded fund’s stock after selling 2,453 shares during the period. IFP Advisors Inc’s holdings in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN were worth $893,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. NewFocus Financial Group LLC boosted its position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 434.3% in the second quarter. NewFocus Financial Group LLC now owns 38,726 shares of the exchange traded fund’s stock valued at $1,150,000 after buying an additional 31,478 shares during the period. Telemus Capital LLC boosted its position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 58.1% in the second quarter. Telemus Capital LLC now owns 131,097 shares of the exchange traded fund’s stock valued at $3,894,000 after buying an additional 48,153 shares during the period. Crestwood Advisors Group LLC boosted its position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 10.8% in the second quarter. Crestwood Advisors Group LLC now owns 391,457 shares of the exchange traded fund’s stock valued at $11,724,000 after buying an additional 38,282 shares during the period. Edge Wealth Management LLC boosted its position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 10.2% in the second quarter. Edge Wealth Management LLC now owns 31,518 shares of the exchange traded fund’s stock valued at $941,000 after buying an additional 2,915 shares during the period. Finally, Lourd Capital LLC boosted its position in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 17.0% in the second quarter. Lourd Capital LLC now owns 29,751 shares of the exchange traded fund’s stock valued at $884,000 after buying an additional 4,327 shares during the period.

JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA AMJ) opened at 28.81 on Thursday. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN has a 12-month low of $27.59 and a 12-month high of $34.41. The stock’s 50 day moving average price is $29.58 and its 200 day moving average price is $31.30. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN also saw some unusual options trading on Tuesday. Investors bought 17,356 put options on the stock. This represents an increase of approximately 1,418% compared to the typical daily volume of 1,143 put options.

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Want to see what other hedge funds are holding AMJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ).

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

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