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

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 2,500 shares of Alerian MLP ETN stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider directly owned 71,047 shares in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robin Leopold also recently made the following trade(s):

• On Tuesday, August 11th, Robin Leopold sold 2,500 shares of Alerian MLP ETN stock. The stock was sold at an average price of $361.41, for a total value of $903,525.00.

Alerian MLP ETN Price Performance

Shares of AMJB stock opened at $37.16 on Friday. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $38.55. The business has a 50 day simple moving average of $36.94 and a 200 day simple moving average of $35.58.

Alerian MLP ETN Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th were given a dividend of $0.4957 per share. The ex-dividend date was Friday, August 28th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC acquired a new stake in Alerian MLP ETN in the fourth quarter worth about $151,000. JPMorgan Chase & Co. increased its stake in Alerian MLP ETN by 16.7% during 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 period. NewEdge Advisors LLC bought a new stake in shares of Alerian MLP ETN during the 1st quarter worth about $209,000. Risk Paradigm Group LLC raised its position in shares of Alerian MLP ETN by 34.1% during the 2nd quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock worth $5,186,000 after buying an additional 38,210 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC raised its position in shares of Alerian MLP ETN by 37.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock worth $5,713,000 after buying an additional 45,061 shares in 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.