Insider Selling: Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Sells $1,064,771.20 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 3,404 shares of Alerian MLP ETN stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.80, for a total transaction of $1,064,771.20. Following the transaction, the general counsel owned 65,353 shares of the company’s stock, valued at $20,442,418.40. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alerian MLP ETN Trading Up 1.0%

Shares of AMJB traded up $0.31 on Friday, reaching $31.79. The company’s stock had a trading volume of 17,139 shares, compared to its average volume of 45,085. Alerian MLP ETN has a twelve month low of $26.65 and a twelve month high of $33.40. The firm has a fifty day moving average of $30.32 and a 200-day moving average of $30.09.

Alerian MLP ETN Increases Dividend

The business also recently announced 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.

Hedge Funds Weigh In On Alerian MLP ETN

Large investors have recently bought and sold shares of the stock. MeadowBrook Investment Advisors LLC boosted 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 worth $180,000 after acquiring an additional 1,120 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Alerian MLP ETN by 44.1% in the second quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock valued at $1,040,000 after purchasing an additional 10,510 shares during the last quarter. Wellspring Financial Advisors LLC bought a new position in shares of Alerian MLP ETN during the second quarter valued at about $1,141,000. Lake Street Private Wealth LLC boosted its holdings in Alerian MLP ETN by 31.6% during the third 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 during the last quarter. Finally, Nicolet Bankshares Inc. grew its position in Alerian MLP ETN by 1.0% in the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after purchasing an additional 1,994 shares in the last quarter.

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.