Robin Leopold Sells 2,500 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 2,500 shares of Alerian MLP ETN stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the transaction, the insider owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The sale 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.

Robin Leopold also recently made the following trade(s):

• On Tuesday, August 11th, Robin Leopold sold 2,500 shares of Alerian MLP ETN stock. The shares were sold at an average price of $361.41, for a total value of $903,525.00.

Alerian MLP ETN Trading Down 2.0%

Alerian MLP ETN stock traded down $0.77 during mid-day trading on Thursday, hitting $37.77. The company had a trading volume of 21,823 shares, compared to its average volume of 39,759. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $38.55. The company’s fifty day moving average is $36.82 and its 200-day moving average is $35.55.

Alerian MLP ETN Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 8th. Investors of record on Friday, August 28th were issued a dividend of $0.4957 per share. The ex-dividend date of this dividend was Friday, August 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMJB. JPMorgan Chase & Co. raised its position in shares of Alerian MLP ETN by 16.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock worth $70,140,000 after acquiring an additional 335,000 shares during the period. RPg Family Wealth Advisory LLC boosted its stake in shares of Alerian MLP ETN by 37.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock worth $5,713,000 after acquiring an additional 45,061 shares in the last quarter. Risk Paradigm Group LLC grew its position in shares of Alerian MLP ETN by 34.1% during the 2nd quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock valued at $5,186,000 after acquiring an additional 38,210 shares during the period. NewEdge Advisors LLC grew its position in shares of Alerian MLP ETN by 236.2% during the 2nd quarter. NewEdge Advisors LLC now owns 20,355 shares of the company’s stock valued at $702,000 after acquiring an additional 14,300 shares during the period. Finally, Parallel Advisors LLC purchased a new position in shares of Alerian MLP ETN in the 4th quarter valued at about $151,000.

About Alerian MLP ETN

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.