Alerian MLP ETN (NYSEARCA:AMJB) COO Jennifer Piepszak Sells 8,571 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) COO Jennifer Piepszak sold 8,571 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $312.79, for a total value of $2,680,923.09. Following the completion of the sale, the chief operating officer directly owned 71,027 shares in the company, valued at $22,216,535.33. This trade represents a 10.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alerian MLP ETN Trading Up 1.0%

Shares of AMJB stock opened at $31.79 on Friday. Alerian MLP ETN has a 12 month low of $26.65 and a 12 month high of $33.40. The stock has a 50 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 paid a dividend of $0.5006 per share. The ex-dividend date was Monday, December 1st. This is an increase from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMJB. JPMorgan Chase & Co. raised its holdings in Alerian MLP ETN by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after acquiring an additional 130,000 shares in the last quarter. Wellspring Financial Advisors LLC acquired a new position in shares of Alerian MLP ETN in the 2nd quarter valued at $1,141,000. Lake Street Private Wealth LLC lifted its holdings in shares of Alerian MLP ETN by 31.6% during the 3rd 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 during the period. IFP Advisors Inc boosted its position in shares of Alerian MLP ETN by 44.1% during the 2nd quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock valued at $1,040,000 after acquiring an additional 10,510 shares in the last quarter. Finally, Nicolet Bankshares Inc. boosted its position in shares of Alerian MLP ETN by 1.0% during the 3rd 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 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.