AMJ
J.P. Morgan Alerian MLP Index ETN

Price: $19.90
Change: $0.32 (-0.02%)
Category: MLPs
Last Updated:

Vitals

Brand JPMorgan
Structure ETN
Expense Ratio 0.85%
ETF Home Page Home page
Inception Apr 02, 2009
Index Tracked Alerian MLP Index

Analyst Report

This ETF will invest its assets in a market-cap weighted, float-adjusted index created to provide a comprehensive benchmark for investors to track the performance of the energy MLP sector. MLPs have attracted significant interest for two primary reasons: (1) required quarterly distributions provide a steady stream of current income, and (2) because they are partnerships, MLPs avoid corporate income taxes at both the federal and state level; the tax liability is passed through to the individual partners. By generating at least 90% of income from natural resource-based activities such as transportation and storage, an entity can qualify as an MLP and not be taxed as a corporation. So the IRS treats shareholders of an MLP as partners, making the MLP itself a pass-through entity. That means that taxes are avoided at the corporate level, and investors avoid the double taxation of income. AMJ will be a great addition to a yield-starved portfolio seeking the steady income offered by these robust products.

ETF Database Themes

Category MLPs
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Energy
Sector (Specific) MLP
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Equity: U.S. MLPs
  • Category Sector
  • Focus Energy
  • Niche MLPs
  • Strategy Dividends
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $10.87
  • 52 Week Hi $21.05
  • AUM $2,407.3 M
  • Shares 119.3 M

Historical Trading Data

  • 1 Month Avg. Volume 593,848
  • 3 Month Avg. Volume 549,023

Alternative ETFs in the ETF Database MLPs Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest MLPX 0.45% $837.5 M 111,108 53.02%
Largest (AUM) AMLP 0.90% $5.7 B 2 M 52.25%
Most Liquid (Volume) AMLP 0.90% $5.7 B 2 M 52.25%
Top YTD Performer AMZA 2.01% $319.0 M 81,235 68.72%

Alternative ETFs in the FactSet Equity: U.S. MLPs Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest ENFR 0.35% $68.2 M 17,638 52.59%
Largest (AUM) AMLP 0.90% $5.7 B 2 M 52.25%
Most Liquid (Volume) AMLP 0.90% $5.7 B 2 M 52.25%
Top YTD Performer AMZA 2.01% $319.0 M 81,235 68.72%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

AMJ ETF Database Category Average FactSet Segment Average
Number of Holdings 35 28 28
% of Assets in Top 10 58.24% 57.33% 55.26%
% of Assets in Top 15 67.35% 69.94% 67.52%
% of Assets in Top 50 84.54% 79.39% 78.02%

Size Comparison

AMJ ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 17.24% 20.09%
Mid (>2.7B) N/A 15.01% 15.44%
Small (>600M) N/A 6.22% 5.60%
Micro (<600M) N/A 0.00% 0.04%

AMJ Valuation

This section compares the P/E ratio of this ETF to its peers.

AMJ
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
5.17
FactSet Segment Average
P/E Ratio
6.10

AMJ Dividend

This section compares the dividend yield of this ETF to its peers.

AMJ ETF Database Category Average FactSet Segment Average
Dividend $ 0.47 $ 0.33 $ 0.31
Dividend Date 2019-08-27 N/A N/A
Annual Dividend Rate N/A $ 0.89 $ 0.81
Annual Dividend Yield N/A 2.57% 2.52%

AMJ Price and Volume Chart

AMJ Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 6.06 M 1 Month Net Flows: 763.62 K 3 Month Net Flows: -45.94 M 6 Month Net Flows: -44.5 M 1 Year Net Flows: -46.79 M 3 Year Net Flows: -5.24 M 5 Year Net Flows: 113.83 M 10 Year Net Flows: 1.46 B

AMJ Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for AMJ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the MLPs with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

AMJ Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

AMJ
Expense Ratio
0.85%
ETF Database Category Average
Expense Ratio
0.88%
FactSet Segment Average
Expense Ratio
0.81%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

AMJ does not have an ESG score. There are no ESG themes that map to this ETF.

AMJ Performance

This section shows how this ETF has performed relative to its peers.

AMJ ETF Database
Category Average
Factset Segment
Average
1 Month Return 10.13% 8.84% 8.73%
3 Month Return 9.16% 9.93% 9.94%
YTD Return 43.27% 46.83% 45.84%
1 Year Return 71.70% 74.26% 72.38%
3 Year Return -21.09% -5.06% -2.21%
5 Year Return -24.93% -4.84% -0.85%

Geographic Exposure

The following charts reflect the geographic spread of AMJ's underlying holdings.

Region Percentage
Country Percentage

Holdings Analysis

The following charts reflect the allocation of AMJ's underlying holdings.

Sector Percentage
Market Cap Percentage
Large 0.0%
Micro 0.0%
Mid 0.0%
Small 0.0%
Region Percentage
Asset Percentage
Sector Percentage

AMJ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
117.95%
Rank
4 of 13

20 Day Volatility
21.66%
Rank
3 of 13

50 Day Volatility
24.96%
Rank
3 of 13

200 Day Volatility
26.48%
Rank
4 of 13

Beta
1.92
Rank
4 of 13

Standard Deviation
2.24%
Rank
7 of 13

Technicals

  • 20 Day MA $19.04
  • 60 Day MA $18.24
  • MACD 15 Period 0.59
  • MACD 100 Period 1.20
  • Williams % Range 10 Day 21.92
  • Williams % Range 20 Day 13.73
  • RSI 10 Day 67
  • RSI 20 Day 63
  • RSI 30 Day 59
  • Ultimate Oscillator 69

Bollinger Bands

  • Lower Bollinger (10 Day) $18.86
  • Upper Bollinger (10 Day) $20.34
  • Lower Bollinger (20 Day) $17.68
  • Upper Bollinger (20 Day) $20.35
  • Lower Bollinger (30 Day) $16.89
  • Upper Bollinger (30 Day) $20.26

Support & Resistance

  • Support Level 1 $19.63
  • Support Level 2 $19.37
  • Resistance Level 1 $20.18
  • Resistance Level 2 $20.47

Stochastic

  • Stochastic Oscillator %D (1 Day) 69.55
  • Stochastic Oscillator %D (5 Day) 74.40
  • Stochastic Oscillator %K (1 Day) 71.17
  • Stochastic Oscillator %K (5 Day) 81.54

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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