Alerian MLP ETN (NYSEARCA:AMJB) Sees Unusually-High Trading Volume – What’s Next?

Alerian MLP ETN (NYSEARCA:AMJB) saw strong trading volume on Monday. Approximately 95,091 shares traded hands during mid-day trading, an increase of 157% from the average daily volume of 37,055 shares. The stock last traded at $35.5090 and had previously closed at $35.58.

Alerian MLP ETN Trading Down 3.6%

The stock has a fifty day moving average of $36.08 and a two-hundred day moving average of $35.22.

Alerian MLP ETN Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 8th. Investors of record on Friday, August 28th were given a dividend of $0.4957 per share. This is a drop from Alerian MLP ETN’s previous dividend of $0.5079. The ex-dividend date was Friday, August 28th.

Insider Buying and Selling

In other news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares in the company, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMJB. Kestra Advisory Services LLC lifted its holdings in shares of Alerian MLP ETN by 24.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 43,581 shares of the company’s stock worth $1,503,000 after acquiring an additional 8,538 shares during the last quarter. Smallwood Wealth Investment Management LLC grew its holdings in Alerian MLP ETN by 0.8% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 94,107 shares of the company’s stock valued at $3,246,000 after purchasing an additional 781 shares during the last quarter. Lynx Investment Advisory bought a new position in Alerian MLP ETN during the 3rd quarter valued at about $204,000. IFP Advisors Inc raised its position in Alerian MLP ETN by 2.3% in the 3rd quarter. IFP Advisors Inc now owns 35,183 shares of the company’s stock worth $1,213,000 after purchasing an additional 800 shares during the period. Finally, Benchmark Financial LLC raised its position in Alerian MLP ETN by 5.4% in the 3rd quarter. Benchmark Financial LLC now owns 51,291 shares of the company’s stock worth $1,769,000 after purchasing an additional 2,637 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.