Alerian MLP ETN (NYSEARCA:AMJB) Insider Sells 2,500 Shares

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the sale, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Stock Up 0.4%

Alerian MLP ETN stock traded up $0.15 during trading hours on Tuesday, hitting $37.04. The stock had a trading volume of 6,075 shares, compared to its average volume of 40,852. Alerian MLP ETN has a 1-year low of $28.00 and a 1-year high of $37.54. The stock’s fifty day moving average is $35.38 and its two-hundred day moving average is $34.82.

Alerian MLP ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were given a $0.5079 dividend. The ex-dividend date was Friday, May 29th. This is a boost from Alerian MLP ETN’s previous dividend of $0.51.

Institutional Trading of Alerian MLP ETN

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of Alerian MLP ETN by 16.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock worth $70,140,000 after purchasing an additional 335,000 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Alerian MLP ETN in the 1st quarter valued at approximately $209,000. Finally, Parallel Advisors LLC acquired a new stake in Alerian MLP ETN during the 4th quarter valued at $151,000.

Alerian MLP ETN Company Profile

The ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044 (AMJB) is an exchange-traded fund that is based on the Alerian MLP index. The fund tracks a market cap-weighted index of 50 North American energy MLPs. Securities are selected based on distributions. AMJB was launched on Apr 2, 2009 and is issued by JPMorgan Chase.