Alerian MLP ETN to Issue Dividend of $0.50 (NYSEARCA:AMJB)

Alerian MLP ETN (NYSEARCA:AMJBGet Free Report) announced a dividend on Sunday, August 16th. Investors of record on Friday, August 28th will be given a dividend of 0.4957 per share on Tuesday, September 8th. The ex-dividend date of this dividend is Friday, August 28th.

Alerian MLP ETN Stock Performance

Shares of NYSEARCA AMJB opened at $37.71 on Wednesday. The company’s 50 day simple moving average is $35.95 and its 200 day simple moving average is $35.22. Alerian MLP ETN has a fifty-two week low of $28.00 and a fifty-two week high of $38.01.

Insider Buying and Selling 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 Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00. Following the completion of the sale, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. The trade was a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction on Monday, June 22nd. The shares were 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 in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On Alerian MLP ETN

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in Alerian MLP ETN by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock worth $217,000 after buying an additional 1,220 shares during the period. Smallwood Wealth Investment Management LLC grew its stake in Alerian MLP ETN by 1.5% in the second quarter. Smallwood Wealth Investment Management LLC now owns 93,326 shares of the company’s stock valued at $3,219,000 after acquiring an additional 1,424 shares during the period. NewEdge Advisors LLC acquired a new position in Alerian MLP ETN in the first quarter valued at about $209,000. Risk Paradigm Group LLC grew its stake in Alerian MLP ETN by 34.1% in the second quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock valued at $5,186,000 after acquiring an additional 38,210 shares during the period. Finally, RPg Family Wealth Advisory LLC increased its holdings in shares of Alerian MLP ETN by 37.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock worth $5,713,000 after acquiring an additional 45,061 shares in the last quarter.

About Alerian MLP ETN

(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.

Further Reading

Dividend History for Alerian MLP ETN (NYSEARCA:AMJB)

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