Alerian MLP ETN $AMJB Stake Raised by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC boosted its holdings in shares of Alerian MLP ETN (NYSEARCA:AMJB) by 37.4% in the second quarter, HoldingsChannel reports. The fund owned 165,639 shares of the company’s stock after buying an additional 45,061 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Alerian MLP ETN were worth $5,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AMJB. Risk Paradigm Group LLC lifted its position in shares of Alerian MLP ETN by 34.1% in the second quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock worth $5,186,000 after purchasing an additional 38,210 shares in the last quarter. Parallel Advisors LLC grew its position in Alerian MLP ETN by 24.1% during the first quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock valued at $217,000 after purchasing an additional 1,220 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Alerian MLP ETN in the 1st quarter valued at approximately $209,000. Finally, JPMorgan Chase & Co. increased its stake in Alerian MLP ETN by 16.7% in the 4th 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 period.

Alerian MLP ETN Stock Performance

AMJB stock opened at $37.20 on Monday. The company has a 50 day moving average of $36.20 and a two-hundred day moving average of $35.32. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $38.55.

Alerian MLP ETN Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 8th. Investors of record on Friday, August 28th will be issued a dividend of $0.4957 per share. The ex-dividend date is Friday, August 28th.

Insider Transactions at Alerian MLP ETN

In other news, General Counsel Stacey Friedman sold 5,467 shares of Alerian MLP ETN stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares in the company, valued at $13,547,031.53. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the sale, the insider directly owned 73,547 shares of the company’s stock, valued at approximately $26,580,621.27. The trade was a 3.29% 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.

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.