Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum Sells 2,893 Shares

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 2,893 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $312.79, for a total value of $904,901.47. Following the completion of the sale, the chief financial officer owned 26,696 shares of the company’s stock, valued at approximately $8,350,241.84. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Alerian MLP ETN Trading Up 1.0%

NYSEARCA:AMJB traded up $0.31 during trading hours on Friday, reaching $31.79. 17,139 shares of the company were exchanged, compared to its average volume of 45,085. The business has a 50 day moving average of $30.32 and a 200 day moving average of $30.09. Alerian MLP ETN has a 1-year low of $26.65 and a 1-year high of $33.40.

Alerian MLP ETN Increases Dividend

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

Hedge Funds Weigh In On Alerian MLP ETN

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of Alerian MLP ETN by 44.1% during the 2nd quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock worth $1,040,000 after acquiring an additional 10,510 shares during the period. MeadowBrook Investment Advisors LLC increased its stake in Alerian MLP ETN by 23.1% in the second quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock valued at $180,000 after acquiring an additional 1,120 shares during the last quarter. Wellspring Financial Advisors LLC acquired a new position in Alerian MLP ETN during the second quarter valued at approximately $1,141,000. JPMorgan Chase & Co. lifted its stake in Alerian MLP ETN by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Lake Street Private Wealth LLC boosted its holdings in shares of 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 valued at $3,943,000 after purchasing an additional 32,075 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.