Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Insider Lori A. Beer Sells 5,873 Shares

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) insider Lori A. Beer sold 5,873 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $267.09, for a total value of $1,568,619.57. Following the transaction, the insider now directly owns 56,356 shares of the company’s stock, valued at approximately $15,052,124.04. This represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Alerian MLP Index ETNs due January 28, 2044 Stock Down 0.2%

NYSEARCA:AMJB opened at $31.12 on Monday. The stock has a 50-day simple moving average of $30.54 and a 200-day simple moving average of $30.81. Alerian MLP Index ETNs due January 28, 2044 has a 1 year low of $26.65 and a 1 year high of $33.40.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd were given a dividend of $0.4752 per share. This is a boost 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 Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings 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 valued at $406,000 after purchasing an additional 1,472 shares during the last quarter. Nicolet Bankshares Inc. lifted its holdings 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 valued at $6,050,000 after purchasing an additional 3,102 shares during 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 valued at about $2,031,000. Finally, CIBC Private Wealth Group LLC lifted its holdings 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 valued at $101,663,000 after purchasing an additional 109,965 shares during 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.