Alerian MLP ETN (AMJB) To Go Ex-Dividend on May 29th

Alerian MLP ETN (NYSEARCA:AMJB – Get Free Report) declared a dividend on Friday, January 1st. Stockholders of record on Friday, May 29th will be given a dividend of 0.5079 per share on Monday, June 8th. The ex-dividend date is Friday, May 29th. This is a 0.4% increase from Alerian MLP ETN’s previous dividend of $0.51.

Alerian MLP ETN Stock Down 0.7%

NYSEARCA AMJB opened at $36.78 on Wednesday. Alerian MLP ETN has a 1-year low of $28.00 and a 1-year high of $37.54. The business’s 50-day simple moving average is $35.13 and its 200-day simple moving average is $32.91.

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Insiders Place Their Bets

In other news, CFO Jeremy Barnum sold 5,611 shares of Alerian MLP ETN stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $306.55, for a total value of $1,720,052.05. Following the transaction, the chief financial officer directly owned 35,460 shares of the company’s stock, valued at $10,870,263. The trade was a 13.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Dimon sold 130,488 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total value of $40,002,401.28. Following the transaction, the chief executive officer directly owned 1,680,625 shares in the company, valued at $515,212,400. This trade represents a 7.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 189,698 shares of company stock worth $58,094,245.

Hedge Funds Weigh In On Alerian MLP ETN

Several hedge funds and other institutional investors have recently bought and sold shares of AMJB. JPMorgan Chase & Co. lifted its position in Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after acquiring an additional 130,000 shares in the last quarter. Lake Street Private Wealth LLC lifted its position in Alerian MLP ETN by 31.6% during the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after acquiring an additional 32,075 shares in the last quarter. Nicolet Bankshares Inc. lifted its position in Alerian MLP ETN by 1.0% during the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after acquiring an additional 1,994 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new position in Alerian MLP ETN during the 4th quarter worth approximately $151,000.

About Alerian MLP ETN

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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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