Ashley Bacon Sells 5,086 Shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ashley Bacon also recently made the following trade(s):

• On Friday, February 16th, Ashley Bacon sold 3,368 shares of JPMorgan Alerian MLP Index ETN stock. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00.

JPMorgan Alerian MLP Index ETN Stock Up 0.4 %

JPMorgan Alerian MLP Index ETN stock traded up $0.11 during mid-day trading on Wednesday, reaching $28.66. 587,412 shares of the company were exchanged, compared to its average volume of 534,423. The firm’s 50-day simple moving average is $28.06 and its two-hundred day simple moving average is $26.57. JPMorgan Alerian MLP Index ETN has a twelve month low of $21.85 and a twelve month high of $29.16.

JPMorgan Alerian MLP Index ETN Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 29th were paid a $0.4227 dividend. This is a boost from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 28th.

Institutional Trading of JPMorgan Alerian MLP Index ETN

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in shares of JPMorgan Alerian MLP Index ETN by 367.4% during the 4th quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 1,613 shares during the period. MeadowBrook Investment Advisors LLC purchased a new position in shares of JPMorgan Alerian MLP Index ETN during the 4th quarter worth $67,000. Montag A & Associates Inc. boosted its stake in JPMorgan Alerian MLP Index ETN by 53.6% in the 4th quarter. Montag A & Associates Inc. now owns 2,866 shares of the exchange traded fund’s stock worth $73,000 after buying an additional 1,000 shares during the last quarter. M&R Capital Management Inc. acquired a new position in shares of JPMorgan Alerian MLP Index ETN in the 4th quarter valued at $76,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of JPMorgan Alerian MLP Index ETN during the 4th quarter valued at $88,000.

JPMorgan Alerian MLP Index ETN Company Profile

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.