Alerian MLP ETN (NYSEARCA:AMJB) Insider Sells $2,316,904.90 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) insider Ashley Bacon sold 7,558 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $306.55, for a total transaction of $2,316,904.90. Following the completion of the sale, the insider directly owned 252,855 shares in the company, valued at approximately $77,512,700.25. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ashley Bacon also recently made the following trade(s):

• On Friday, January 16th, Ashley Bacon sold 7,364 shares of Alerian MLP ETN stock. The stock was sold at an average price of $312.79, for a total transaction of $2,303,385.56.

Alerian MLP ETN Trading Down 2.1%

Shares of Alerian MLP ETN stock traded down $0.71 on Wednesday, reaching $33.57. The stock had a trading volume of 135,038 shares, compared to its average volume of 51,320. Alerian MLP ETN has a 1 year low of $28.00 and a 1 year high of $35.75. The business’s 50 day moving average is $34.38 and its two-hundred day moving average is $31.66.

Alerian MLP ETN Increases Dividend

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

Institutional Investors Weigh In On Alerian MLP ETN

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nicolet Bankshares Inc. raised its stake in Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after purchasing an additional 1,994 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Alerian MLP ETN in the fourth quarter valued at approximately $151,000. Lake Street Private Wealth LLC raised its stake in Alerian MLP ETN by 31.6% in the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock valued at $3,943,000 after purchasing an additional 32,075 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Alerian MLP ETN by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after purchasing an additional 130,000 shares in the last quarter.

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.