Alerian MLP ETN (NYSEARCA:AMJB) CEO Sells $40,002,401.28 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO James Dimon sold 130,488 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total transaction of $40,002,401.28. Following the completion of the transaction, the chief executive officer directly owned 1,680,625 shares in the company, valued at approximately $515,212,400. The trade was a 7.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

James Dimon also recently made the following trade(s):

• On Thursday, February 19th, James Dimon sold 69,512 shares of Alerian MLP ETN stock. The shares were sold at an average price of $307.19, for a total value of $21,353,391.28.

Alerian MLP ETN Price Performance

AMJB opened at $32.80 on Friday. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $35.75. The business’s fifty day simple moving average is $34.39 and its 200 day simple moving average is $31.69.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were given a dividend of $0.506 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from Alerian MLP ETN’s previous dividend of $0.50.

Institutional Trading of Alerian MLP ETN

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 335,000 shares during the period. Nicolet Bankshares Inc. boosted its holdings in shares of 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 purchasing an additional 1,994 shares during the period. Lake Street Private Wealth LLC boosted its holdings 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 worth $3,943,000 after purchasing an additional 32,075 shares during the period. Finally, Parallel Advisors LLC purchased a new stake in shares of Alerian MLP ETN during the fourth quarter worth about $151,000.

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.