Alerian MLP ETN $AMJB Position Boosted by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC increased its holdings in Alerian MLP ETN (NYSEARCA:AMJB) by 37.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,639 shares of the company’s stock after purchasing an additional 45,061 shares during the quarter. RPg Family Wealth Advisory LLC owned 0.71% of Alerian MLP ETN worth $5,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMJB. Parallel Advisors LLC acquired a new position in Alerian MLP ETN in the fourth quarter worth approximately $151,000. NewEdge Advisors LLC acquired a new stake in shares of Alerian MLP ETN during the 1st quarter valued at $209,000. Risk Paradigm Group LLC lifted 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 last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Alerian MLP ETN by 16.7% during the 4th 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 in the last quarter.

Alerian MLP ETN Stock Performance

Shares of NYSEARCA AMJB opened at $37.20 on Monday. The stock’s fifty day simple moving average is $36.20 and its 200 day simple moving average is $35.32. Alerian MLP ETN has a 52-week low of $28.00 and a 52-week high of $38.55.

Alerian MLP ETN Cuts Dividend

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

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of Alerian MLP ETN stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the transaction, the insider directly owned 73,547 shares of the company’s stock, valued at $26,580,621.27. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the sale, the general counsel owned 40,961 shares in the company, valued at $13,547,031.53. This represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.