Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Sells $1,808,100.91 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 5,467 shares of Alerian MLP ETN stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stacey Friedman also recently made the following trade(s):

• On Wednesday, May 20th, Stacey Friedman sold 5,468 shares of Alerian MLP ETN stock. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36.

Alerian MLP ETN Stock Performance

AMJB stock opened at $33.71 on Thursday. The business has a fifty day simple moving average of $35.11 and a 200-day simple moving average of $33.55. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $37.54.

Alerian MLP ETN Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were given a dividend of $0.5079 per share. This is a boost from Alerian MLP ETN’s previous dividend of $0.51. The ex-dividend date of this dividend was Friday, May 29th.

Hedge Funds Weigh In On Alerian MLP ETN

Large investors have recently modified their holdings of the company. Parallel Advisors LLC increased its position 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 purchasing an additional 1,220 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Alerian MLP ETN during the first quarter valued at approximately $209,000. JPMorgan Chase & Co. grew 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 worth $70,140,000 after buying an additional 335,000 shares during the period. Nicolet Bankshares Inc. increased 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 worth $5,756,000 after acquiring an additional 1,994 shares in the last quarter. Finally, Lake Street Private Wealth LLC increased 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 worth $3,943,000 after acquiring 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.