Alerian MLP ETN (NYSEARCA:AMJB) Insider Robin Leopold Sells 2,500 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJBGet Free Report) insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the sale, the insider owned 73,547 shares in the company, valued at $26,580,621.27. This represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Trading Up 0.4%

Alerian MLP ETN stock opened at $37.04 on Wednesday. The stock has a 50-day moving average price of $35.43 and a two-hundred day moving average price of $34.86. 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. This is a boost from Alerian MLP ETN’s previous dividend of $0.51. The ex-dividend date was Friday, May 29th.

Hedge Funds Weigh In On Alerian MLP ETN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Alerian MLP ETN by 16.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after buying an additional 335,000 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Alerian MLP ETN during the first quarter worth about $209,000. Finally, Parallel Advisors LLC bought a new position in shares of Alerian MLP ETN during the fourth quarter worth about $151,000.

Alerian MLP ETN Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Alerian MLP ETN (NYSEARCA:AMJB)

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