Jeremy Barnum Sells 5,611 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 5,611 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $306.55, for a total value of $1,720,052.05. Following the completion of the transaction, the chief financial officer directly owned 35,460 shares in the company, valued at $10,870,263. The trade was a 13.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Barnum also recently made the following trade(s):

• On Tuesday, February 17th, Jeremy Barnum sold 2,892 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.42, for a total value of $886,166.64.
• On Friday, January 16th, Jeremy Barnum sold 2,893 shares of Alerian MLP ETN stock. The shares were sold at an average price of $312.79, for a total value of $904,901.47.

Alerian MLP ETN Stock Down 2.1%

Shares of AMJB stock traded down $0.71 during trading on Wednesday, reaching $33.57. The company had a trading volume of 135,038 shares, compared to its average volume of 51,320. The firm’s 50 day simple moving average is $34.38 and its two-hundred day simple moving average is $31.66. Alerian MLP ETN has a one year low of $28.00 and a one year high of $35.75.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were given a $0.506 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Alerian MLP ETN’s previous dividend of $0.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Nicolet Bankshares Inc. increased its position in Alerian MLP ETN by 1.0% in the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after buying an additional 1,994 shares during the period. Parallel Advisors LLC bought a new position in Alerian MLP ETN in the 4th quarter worth approximately $151,000. Lake Street Private Wealth LLC increased its position in Alerian MLP ETN by 31.6% in the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after buying an additional 32,075 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Alerian MLP ETN by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after buying an additional 130,000 shares during the period.

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.