JPMorgan Chase & Co. (NYSE:JPM) has created a new exchange traded note based on “the portfolio of midstream energy [MLPs] underlying the Alerian MLP Index.” The new structured investment is called the JPMorgan Alerian MLP Index ETN (NYSE:AMJ).
The three largest components of the Alerian MLP Index include Kinder Morgan Energy Partners LP (NYSE:KMP) at 12.75%, Enterprise Products Partners LP (NYSE:EPD) at 10.79%, and Plains All American Pipeline LP (NYSE:PAA) at 6.67%.
The shares opened on May 4th at $21.8046 and closed at $21.85.
Paul Ausick
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