Alerian MLP ETN (NYSEARCA:AMJB – Get Free Report) General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the transaction, the general counsel directly owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stacey Friedman also recently made the following trade(s):
- On Wednesday, May 20th, Stacey Friedman sold 5,468 shares of Alerian MLP ETN stock. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36.
Alerian MLP ETN Trading Down 1.5%
Shares of NYSEARCA AMJB traded down $0.50 during mid-day trading on Monday, hitting $33.47. 41,508 shares of the stock traded hands, compared to its average volume of 44,410. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $37.54. The stock has a fifty day moving average price of $35.13 and a 200-day moving average price of $33.47.
Alerian MLP ETN Increases Dividend
Institutional Trading of Alerian MLP ETN
A number of hedge funds and other institutional investors have recently modified their holdings of AMJB. JPMorgan Chase & Co. lifted its position 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 acquiring an additional 335,000 shares during the period. Lake Street Private Wealth LLC grew its holdings in Alerian MLP ETN by 31.6% in 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. NewEdge Advisors LLC purchased a new stake in Alerian MLP ETN in the first quarter worth about $209,000. Parallel Advisors LLC bought a new position in shares of Alerian MLP ETN during the fourth quarter valued at approximately $151,000. Finally, Nicolet Bankshares Inc. increased its stake 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 valued at $5,756,000 after purchasing an additional 1,994 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.
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