Robin Leopold Sells 2,500 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 2,500 shares of Alerian MLP ETN stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the sale, the insider directly owned 73,547 shares in the company, valued at approximately $26,580,621.27. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Trading Up 0.7%

Shares of NYSEARCA AMJB opened at $37.30 on Thursday. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $37.54. The stock has a 50 day simple moving average of $35.47 and a 200-day simple moving average of $34.90.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were issued a dividend of $0.5079 per share. This is a positive change 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

A number of institutional investors and hedge funds have recently bought and sold shares of AMJB. NewEdge Advisors LLC bought a new stake in shares of Alerian MLP ETN during the 1st quarter worth about $209,000. JPMorgan Chase & Co. boosted its holdings in shares of Alerian MLP ETN by 16.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after acquiring an additional 335,000 shares in the last quarter. Finally, Parallel Advisors LLC bought a new position in shares of Alerian MLP ETN in the fourth quarter valued at approximately $151,000.

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.