Alerian MLP ETN (NYSEARCA:AMJB) Insider Ashley Bacon Sells 7,364 Shares

Alerian MLP ETN (NYSEARCA:AMJB) insider Ashley Bacon sold 7,364 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,303,385.56. Following the sale, the insider owned 237,157 shares of the company’s stock, valued at approximately $74,180,338.03. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Alerian MLP ETN Trading Up 1.0%

Shares of Alerian MLP ETN stock opened at $31.79 on Friday. The business has a 50-day moving average price of $30.32 and a two-hundred day moving average price 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 disclosed a dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 1st were given a dividend of $0.5006 per share. This is a positive change 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

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position 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 purchasing an additional 10,510 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its holdings in shares of Alerian MLP ETN by 23.1% during 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 in the last quarter. Wellspring Financial Advisors LLC acquired a new position in shares of Alerian MLP ETN during the second quarter worth approximately $1,141,000. JPMorgan Chase & Co. lifted its holdings in shares of Alerian MLP ETN by 6.9% in the 3rd 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 in the last quarter. Finally, Lake Street Private Wealth LLC grew its position in 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 during the period.

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.