Alerian MLP ETN (NYSEARCA:AMJB) to Issue Dividend of $0.51

Alerian MLP ETN (NYSEARCA:AMJB) declared a dividend on Friday, January 1st. Shareholders of record on Friday, May 29th will be given a dividend of 0.5079 per share on Monday, June 8th. The ex-dividend date is Friday, May 29th. This is a 0.4% increase from Alerian MLP ETN’s previous dividend of $0.51.

Alerian MLP ETN Stock Down 0.7%

NYSEARCA AMJB opened at $36.78 on Wednesday. The company has a fifty day moving average of $35.13 and a two-hundred day moving average of $32.91. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $37.54.

Insider Activity at Alerian MLP ETN

In other Alerian MLP ETN news, insider Ashley Bacon sold 7,558 shares of Alerian MLP ETN stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $306.55, for a total transaction of $2,316,904.90. Following the completion of the transaction, the insider directly owned 252,855 shares of the company’s stock, valued at $77,512,700.25. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary E. Erdoes sold 12,345 shares of Alerian MLP ETN stock in a transaction 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 transaction, the chief executive officer directly owned 639,047 shares of the company’s stock, valued at $195,912,638.79. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 189,698 shares of company stock valued at $58,094,245 over the last three months.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Alerian MLP ETN by 16.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock worth $70,140,000 after buying an additional 335,000 shares during the period. Nicolet Bankshares Inc. boosted its stake in Alerian MLP ETN by 1.0% during the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after buying an additional 1,994 shares during the period. Lake Street Private Wealth LLC boosted its stake 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 period. Finally, Parallel Advisors LLC boosted its stake in shares of Alerian MLP ETN by 24.1% during the first quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock valued at $217,000 after purchasing an additional 1,220 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.