Risk Paradigm Group LLC Has $5.19 Million Holdings in Alerian MLP ETN $AMJB

Risk Paradigm Group LLC raised its stake in shares of Alerian MLP ETN (NYSEARCA:AMJB) by 34.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 150,358 shares of the company’s stock after acquiring an additional 38,210 shares during the period. Alerian MLP ETN accounts for about 3.4% of Risk Paradigm Group LLC’s portfolio, making the stock its 6th biggest position. Risk Paradigm Group LLC’s holdings in Alerian MLP ETN were worth $5,186,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AMJB. Parallel Advisors LLC raised its holdings in shares of Alerian MLP ETN by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock valued at $217,000 after purchasing an additional 1,220 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Alerian MLP ETN in the 1st quarter worth about $209,000. Finally, JPMorgan Chase & Co. increased its stake in Alerian MLP ETN by 16.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after buying an additional 335,000 shares during the last quarter.

Alerian MLP ETN Price Performance

Alerian MLP ETN stock opened at $37.20 on Monday. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $38.55. The company’s 50 day moving average price is $36.20 and its two-hundred day moving average price is $35.32.

Alerian MLP ETN Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th will be given a $0.4957 dividend. The ex-dividend date of this dividend is Friday, August 28th.

Insiders Place Their Bets

In other Alerian MLP ETN news, insider Robin Leopold sold 2,500 shares of the company’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 completion of the transaction, the insider owned 73,547 shares in the company, valued at $26,580,621.27. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the sale, the general counsel directly owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.