James Dimon Sells 69,512 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO James Dimon sold 69,512 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $307.19, for a total value of $21,353,391.28. Following the sale, the chief executive officer directly owned 4,209,284 shares of the company’s stock, valued at $1,293,049,951.96. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alerian MLP ETN Stock Performance

Shares of NYSEARCA AMJB traded down $0.25 during trading on Thursday, hitting $34.19. The stock had a trading volume of 30,428 shares, compared to its average volume of 41,907. The firm has a fifty day moving average of $31.46 and a two-hundred day moving average of $30.47. Alerian MLP ETN has a 12 month low of $26.65 and a 12 month high of $34.61.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were given a dividend of $0.5006 per share. The ex-dividend date of this dividend 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 institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC bought a new stake in shares of Alerian MLP ETN during the 4th quarter valued at $151,000. MeadowBrook Investment Advisors LLC grew its holdings in Alerian MLP ETN by 23.1% during the 2nd 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 in the last quarter. Wellspring Financial Advisors LLC purchased a new position in Alerian MLP ETN during the 2nd quarter valued at about $1,141,000. Lake Street Private Wealth LLC boosted its position in shares of Alerian MLP ETN by 31.6% in the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock valued at $3,943,000 after acquiring an additional 32,075 shares during the period. Finally, Nicolet Bankshares Inc. boosted its position in shares of Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after acquiring an additional 1,994 shares during the period.

About Alerian MLP ETN

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.