Insider Selling: Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Sells $3,278,139.92 in Stock

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Marianne Lake sold 12,274 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $267.08, for a total transaction of $3,278,139.92. Following the sale, the chief executive officer now owns 63,404 shares in the company, valued at $16,933,940.32. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

Shares of NYSEARCA AMJB opened at $31.12 on Monday. Alerian MLP Index ETNs due January 28, 2044 has a one year low of $26.65 and a one year high of $33.40. The company’s fifty day moving average is $30.54 and its two-hundred day moving average is $30.81.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd were given a dividend of $0.4752 per share. This is a positive change from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.45. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

Several institutional investors have recently made changes to their positions in AMJB. CIBC Private Wealth Group LLC boosted its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 3.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock worth $101,663,000 after buying an additional 109,965 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Alerian MLP Index ETNs due January 28, 2044 in the 1st quarter worth about $2,031,000. Nicolet Bankshares Inc. boosted its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 1.5% in the 4th quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock worth $6,050,000 after buying an additional 3,102 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 13.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,507 shares of the company’s stock worth $406,000 after buying an additional 1,472 shares in the last quarter.

About Alerian MLP Index ETNs due January 28, 2044

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.