AMJ Stock Summary and Trading Ideas (JPMorgan Alerian MLP Index ETN | ARCA:AMJ)

Alerian MLP Index Exchange Traded Notes ("ETNs") provide investors a convenient way to gain exposure to midstream energy MLPs. The ETNs pay a variable quarterly coupon linked to the cash distributions paid on the MLPs in the index, less accrued tracking fees1. The ETN coupons are reported on Form 1099s. Investors can trade the ETNs on the NYSE, Arca exchange or receive a cash payment at the scheduled maturity or upon early repurchase2, based on the performance of the index less accrued tracking fees and, if applicable, the repurchase fee. The ETNs are senior, unsecured obligations of JPMorgan Chase & Co.

JPMorgan Alerian MLP Index ETN trades on the ARCA stock market under the symbol AMJ.

As of November 29, 2023, AMJ stock price climbed to $25.57 with 157,914 million shares trading.

AMJ has a beta of 0.62, meaning it tends to be less sensitive to market movements. AMJ has a correlation of 0.29 to the broad based SPY ETF.

AMJ has a market cap of $3.04 billion. This is considered a Mid Cap stock.

In the last 3 years, AMJ stock traded as high as $26.00 and as low as $13.49.

AMJ has outperformed the market in the last year with a return of +20.5%, while the SPY ETF gained +16.5%. In the last 3 month period, AMJ beat the market returning +7.6%, while SPY returned +3.0%. However, in the most recent 2 weeks AMJ has underperformed the stock market by returning +0.5%, while SPY returned +1.3%.

AMJ support price is $25.04 and resistance is $25.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMJ stock will trade within this expected range on the day.