Alerian MLP ETN (NYSEARCA:AMJB – Get Free Report) saw strong trading volume on Wednesday. Approximately 42,866 shares changed hands during trading, an increase of 13% from the average daily volume of 37,807 shares. The stock last traded at $33.91 and had previously closed at $33.65.
Alerian MLP ETN Trading Down 0.4%
The company has a fifty day moving average of $35.48 and a two-hundred day moving average of $35.29.
Alerian MLP ETN Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th were paid a $0.4957 dividend. The ex-dividend date of this dividend was Friday, August 28th. This is a decrease from Alerian MLP ETN’s previous dividend of $0.5079.
Insider Transactions at Alerian MLP ETN
In other Alerian MLP ETN news, insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Institutional Trading of Alerian MLP ETN
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beckerman Institutional LLC increased its stake in shares of Alerian MLP ETN by 2.2% during the third quarter. Beckerman Institutional LLC now owns 42,793 shares of the company’s stock worth $1,476,000 after acquiring an additional 936 shares during the period. Kestra Advisory Services LLC raised its holdings in Alerian MLP ETN by 24.4% during the third quarter. Kestra Advisory Services LLC now owns 43,581 shares of the company’s stock worth $1,503,000 after purchasing an additional 8,538 shares in the last quarter. Smallwood Wealth Investment Management LLC raised its holdings in Alerian MLP ETN by 0.8% during the third quarter. Smallwood Wealth Investment Management LLC now owns 94,107 shares of the company’s stock worth $3,246,000 after purchasing an additional 781 shares in the last quarter. Lynx Investment Advisory acquired a new stake in Alerian MLP ETN in the third quarter valued at about $204,000. Finally, IFP Advisors Inc lifted its position in Alerian MLP ETN by 2.3% in the third quarter. IFP Advisors Inc now owns 35,183 shares of the company’s stock valued at $1,213,000 after purchasing an additional 800 shares during the period.
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.
Further Reading
- Five stocks we like better than Alerian MLP ETN
- These 3 Stocks Have Bought Back Billions, But Which Offers the Best Value?
- Golden Dome’s $185 Billion Question: Who Actually Gets Paid?
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
Receive News & Ratings for Alerian MLP ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alerian MLP ETN and related companies with MarketBeat.com's FREE daily email newsletter.
