Alerian MLP ETN (NYSEARCA:AMJB) Insider Ashley Bacon Sells 7,364 Shares

Alerian MLP ETN (NYSEARCA:AMJB) insider Ashley Bacon sold 7,364 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $2,303,385.56. Following the sale, the insider owned 237,157 shares of the company’s stock, valued at approximately $74,180,338.03. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Alerian MLP ETN Trading Up 1.0%

Shares of NYSEARCA:AMJB traded up $0.31 during trading on Friday, reaching $31.79. 17,139 shares of the stock traded hands, compared to its average volume of 45,085. Alerian MLP ETN has a 52-week low of $26.65 and a 52-week high of $33.40. The stock has a 50-day moving average of $30.32 and a two-hundred day moving average of $30.09.

Alerian MLP ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were issued a $0.5006 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Trading of Alerian MLP ETN

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after purchasing an additional 130,000 shares during the last quarter. Nicolet Bankshares Inc. raised its position in shares of Alerian MLP ETN by 1.0% during the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after purchasing an additional 1,994 shares during the period. Lake Street Private Wealth LLC increased its stake in Alerian MLP ETN by 31.6% in the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after buying an additional 32,075 shares in the last quarter. Wellspring Financial Advisors LLC bought a new position in shares of Alerian MLP ETN in the second quarter worth about $1,141,000. Finally, IFP Advisors Inc raised its stake in Alerian MLP ETN by 44.1% during the 2nd quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock valued at $1,040,000 after purchasing an additional 10,510 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.