Alerian MLP ETN (NYSEARCA:AMJB) CEO Sells $1,756,035.71 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 5,731 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $306.41, for a total value of $1,756,035.71. Following the sale, the chief executive officer directly owned 613,405 shares of the company’s stock, valued at approximately $187,953,426.05. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Alerian MLP ETN Stock Performance

Shares of Alerian MLP ETN stock traded down $0.21 during trading on Tuesday, reaching $34.13. The company had a trading volume of 28,434 shares, compared to its average volume of 41,101. Alerian MLP ETN has a fifty-two week low of $26.65 and a fifty-two week high of $34.34. The firm’s fifty day moving average is $31.29 and its 200-day moving average is $30.42.

Alerian MLP ETN Increases Dividend

The company also recently declared 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 an increase from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Trading of Alerian MLP ETN

Several institutional investors have recently added to or reduced their stakes in AMJB. Parallel Advisors LLC bought a new position in shares of Alerian MLP ETN in the 4th quarter worth about $151,000. MeadowBrook Investment Advisors LLC boosted its position 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 valued at $180,000 after purchasing an additional 1,120 shares during the period. Wellspring Financial Advisors LLC bought a new position in Alerian MLP ETN during the 2nd quarter worth $1,141,000. Lake Street Private Wealth LLC increased its position in 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 buying an additional 32,075 shares during the period. Finally, Nicolet Bankshares Inc. lifted its stake in Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after buying an additional 1,994 shares during 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.