Mary Erdoes Sells 5,731 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 5,731 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $306.41, for a total transaction of $1,756,035.71. Following the sale, the chief executive officer owned 613,405 shares of the company’s stock, valued at approximately $187,953,426.05. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alerian MLP ETN Stock Performance

NYSEARCA:AMJB traded down $0.21 on Tuesday, hitting $34.13. The stock had a trading volume of 28,434 shares, compared to its average volume of 41,101. The company has a fifty day moving average price of $31.29 and a two-hundred day moving average price of $30.42. Alerian MLP ETN has a 1-year low of $26.65 and a 1-year high of $34.34.

Alerian MLP ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were given a $0.5006 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Wellspring Financial Advisors LLC purchased a new stake in Alerian MLP ETN during the 2nd quarter worth approximately $1,141,000. MeadowBrook Investment Advisors LLC increased its position in shares of Alerian MLP ETN by 23.1% during the second quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock worth $180,000 after acquiring an additional 1,120 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Alerian MLP ETN by 16.7% in the fourth 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 in the last quarter. Parallel Advisors LLC purchased a new position in Alerian MLP ETN in the fourth quarter valued at $151,000. Finally, Lake Street Private Wealth LLC grew its stake in Alerian MLP ETN by 31.6% during the 3rd 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 in 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.