Alerian MLP ETN (NYSEARCA:AMJB) CEO Sells 5,732 Shares

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 5,732 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.78, for a total value of $1,792,854.96. Following the completion of the sale, the chief executive officer owned 619,136 shares in the company, valued at approximately $193,653,358.08. This represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Alerian MLP ETN Stock Performance

Shares of AMJB traded up $0.31 during trading hours on Friday, hitting $31.79. The stock had a trading volume of 17,139 shares, compared to its average volume of 45,085. The firm has a 50-day moving average price of $30.32 and a 200 day moving average price of $30.09. Alerian MLP ETN has a fifty-two week low of $26.65 and a fifty-two week high of $33.40.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were issued a $0.5006 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Trading of Alerian MLP ETN

A number of institutional investors and hedge funds have recently made changes to their positions in AMJB. JPMorgan Chase & Co. lifted its position in shares of Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after buying an additional 130,000 shares in the last quarter. Wellspring Financial Advisors LLC purchased a new stake in Alerian MLP ETN in the 2nd quarter worth $1,141,000. Lake Street Private Wealth LLC raised its position in Alerian MLP ETN by 31.6% during the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after acquiring an additional 32,075 shares during the period. IFP Advisors Inc lifted its holdings in Alerian MLP ETN by 44.1% during the second quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock valued at $1,040,000 after purchasing an additional 10,510 shares in the last quarter. Finally, Nicolet Bankshares Inc. lifted its holdings in Alerian MLP ETN by 1.0% during 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.

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.