Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman Sells 5,467 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJBGet 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

The company also recently disclosed a dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were given a dividend of $0.5079 per share. This is an increase from Alerian MLP ETN’s previous dividend of $0.51. The ex-dividend date of this dividend was Friday, May 29th.

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

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Alerian MLP ETN (NYSEARCA:AMJB)

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