Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes Sells 12,345 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 12,345 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $306.57, for a total transaction of $3,784,606.65. Following the completion of the transaction, the chief executive officer owned 639,047 shares in the company, valued at approximately $195,912,638.79. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Stock Performance

Shares of AMJB stock opened at $33.57 on Thursday. The firm’s 50 day moving average price is $34.38 and its 200-day moving average price is $31.66. Alerian MLP ETN has a one year low of $28.00 and a one year high of $35.75.

Alerian MLP ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 10th. Stockholders 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.

Hedge Funds Weigh In On Alerian MLP ETN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Alerian MLP ETN by 6.9% in 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 during the period. Lake Street Private Wealth LLC boosted 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 buying an additional 32,075 shares during the period. Parallel Advisors LLC purchased a new position in Alerian MLP ETN in the 4th quarter valued at approximately $151,000. Finally, Nicolet Bankshares Inc. boosted its position in Alerian MLP ETN by 1.0% in the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after buying an additional 1,994 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.