Traders Purchase High Volume of Call Options on JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ)

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JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) saw some unusual options trading activity on Wednesday. Stock investors purchased 3,136 call options on the company. This is an increase of approximately 1,991% compared to the typical volume of 150 call options.

In other JPMorgan Alerian MLP Index ETN news, insider Lori A. Beer sold 5,210 shares of the business’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $171.22, for a total value of $892,056.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 3,173 shares of the company’s stock in a transaction that occurred on Monday, October 25th. The stock was sold at an average price of $171.26, for a total transaction of $543,407.98. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in JPMorgan Alerian MLP Index ETN by 157.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,636 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Core Wealth Advisors Inc. increased its stake in shares of JPMorgan Alerian MLP Index ETN by 66.1% in the 3rd quarter. Core Wealth Advisors Inc. now owns 4,095 shares of the exchange traded fund’s stock valued at $74,000 after acquiring an additional 1,630 shares in the last quarter. Triumph Capital Management bought a new stake in shares of JPMorgan Alerian MLP Index ETN in the 3rd quarter valued at $108,000. Guidance Point Advisors LLC bought a new stake in shares of JPMorgan Alerian MLP Index ETN in the 3rd quarter valued at $115,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of JPMorgan Alerian MLP Index ETN by 97.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,690 shares of the exchange traded fund’s stock valued at $121,000 after acquiring an additional 3,303 shares in the last quarter.

Shares of AMJ opened at $19.43 on Friday. JPMorgan Alerian MLP Index ETN has a fifty-two week low of $14.47 and a fifty-two week high of $21.05. The company’s 50-day moving average is $18.16 and its 200-day moving average is $18.37.

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