Insider Selling: Alerian MLP ETN (NYSEARCA:AMJB) Insider Sells $903,525.00 in Stock

Alerian MLP ETN (NYSEARCA:AMJB – Get Free Report) insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the transaction, the insider directly owned 73,547 shares in the company, valued at $26,580,621.27. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Stock Up 1.0%

NYSEARCA AMJB opened at $37.67 on Friday. The company has a 50-day moving average price of $35.51 and a 200-day moving average price of $34.94. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $37.67.

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Alerian MLP ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were issued 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new stake in shares of Alerian MLP ETN in the fourth quarter worth $151,000. JPMorgan Chase & Co. boosted its stake in Alerian MLP ETN by 16.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after buying an additional 335,000 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Alerian MLP ETN during the 1st quarter valued at approximately $209,000.

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.

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