Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman Sells 5,467 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stacey Friedman also recently made the following trade(s):

• On Wednesday, May 20th, Stacey Friedman sold 5,468 shares of Alerian MLP ETN stock. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36.

Alerian MLP ETN Stock Performance

AMJB traded down $0.50 during trading on Monday, hitting $33.47. 41,508 shares of the company’s stock traded hands, compared to its average volume of 44,410. The company’s 50 day simple moving average is $35.13 and its two-hundred day simple moving average is $33.47. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $37.54.

Alerian MLP ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were issued a $0.5079 dividend. The ex-dividend date was Friday, May 29th. This is a positive change from Alerian MLP ETN’s previous dividend of $0.51.

Hedge Funds Weigh In On Alerian MLP ETN

Several hedge funds and other institutional investors have recently bought and sold shares of AMJB. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 130,000 shares during the last quarter. Lake Street Private Wealth LLC raised its holdings in shares of 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 valued at $3,943,000 after purchasing an additional 32,075 shares during the last quarter. Parallel Advisors LLC bought a new position in Alerian MLP ETN during the fourth quarter valued at approximately $151,000. NewEdge Advisors LLC bought a new position in Alerian MLP ETN during the first quarter valued at approximately $209,000. Finally, Nicolet Bankshares Inc. boosted its holdings in Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after purchasing an additional 1,994 shares during the last quarter.

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.