Alerian MLP ETN (NYSEARCA:AMJB) Insider Robin Leopold Sells 966 Shares

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 966 shares of Alerian MLP ETN stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the transaction, the insider directly owned 58,479 shares in the company, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alerian MLP ETN Price Performance

Shares of AMJB stock traded up $0.05 during trading hours on Friday, hitting $29.95. The stock had a trading volume of 58,531 shares, compared to its average volume of 50,658. Alerian MLP ETN has a twelve month low of $26.65 and a twelve month high of $33.40. The stock’s 50 day moving average is $29.46 and its 200 day moving average is $30.08.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 28th were paid a dividend of $0.4889 per share. The ex-dividend date was Thursday, August 28th. This is an increase from Alerian MLP ETN’s previous dividend of $0.48.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMJB. MeadowBrook Investment Advisors LLC raised its holdings in shares of Alerian MLP ETN by 23.1% in the second quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock valued at $180,000 after buying an additional 1,120 shares during the last quarter. IFP Advisors Inc raised its stake in Alerian MLP ETN by 44.1% during the 2nd quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock valued at $1,040,000 after acquiring an additional 10,510 shares during the last quarter. Wellspring Financial Advisors LLC acquired a new stake in Alerian MLP ETN during the 2nd quarter worth approximately $1,141,000. Crestwood Advisors Group LLC purchased a new position in shares of Alerian MLP ETN in the 1st quarter valued at approximately $2,031,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Alerian MLP ETN by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after purchasing an additional 130,000 shares during 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.