Alerian MLP ETN (NYSEARCA:AMJB) COO Sells $2,800,732.16 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) COO Jennifer Piepszak sold 9,136 shares of Alerian MLP ETN stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total value of $2,800,732.16. Following the completion of the sale, the chief operating officer owned 90,001 shares of the company’s stock, valued at approximately $27,590,706.56. The trade was a 9.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Piepszak also recently made the following trade(s):

• On Friday, January 16th, Jennifer Piepszak sold 8,571 shares of Alerian MLP ETN stock. The stock was sold at an average price of $312.79, for a total value of $2,680,923.09.

Alerian MLP ETN Trading Down 2.1%

AMJB stock traded down $0.71 during mid-day trading on Wednesday, reaching $33.57. The company’s stock had a trading volume of 135,038 shares, compared to its average volume of 51,320. The business’s 50 day moving average price is $34.38 and its 200 day moving average price is $31.66. Alerian MLP ETN has a 12 month low of $28.00 and a 12 month high of $35.75.

Alerian MLP ETN Increases Dividend

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

Institutional Investors Weigh In On Alerian MLP ETN

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC bought a new stake in Alerian MLP ETN in the fourth quarter worth approximately $151,000. Lake Street Private Wealth LLC grew 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 acquiring an additional 32,075 shares during the period. Nicolet Bankshares Inc. grew 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 acquiring an additional 1,994 shares during the period. Finally, JPMorgan Chase & Co. grew 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 acquiring an additional 130,000 shares during the period.

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.