Alerian MLP ETN (NYSEARCA:AMJB) Insider Robin Leopold Sells 432 Shares

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 432 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $307.14, for a total transaction of $132,684.48. Following the completion of the transaction, the insider owned 65,353 shares in the company, valued at approximately $20,072,520.42. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alerian MLP ETN Stock Performance

Shares of NYSEARCA:AMJB traded down $0.25 during trading on Thursday, reaching $34.19. The stock had a trading volume of 30,428 shares, compared to its average volume of 41,907. Alerian MLP ETN has a 52 week low of $26.65 and a 52 week high of $34.61. The business’s 50-day moving average price is $31.54 and its 200 day moving average price is $30.50.

Alerian MLP ETN Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, December 1st were paid a $0.5006 dividend. This is a boost from Alerian MLP ETN’s previous dividend of $0.49. The ex-dividend date of this dividend was Monday, December 1st.

Hedge Funds Weigh In On Alerian MLP ETN

Several large investors have recently bought and sold shares of AMJB. MeadowBrook Investment Advisors LLC grew 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 period. Nicolet Bankshares Inc. boosted its position in shares of 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 during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Alerian MLP ETN during the fourth quarter worth $151,000. Lake Street Private Wealth LLC increased its holdings 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 valued at $3,943,000 after purchasing an additional 32,075 shares during the last quarter. Finally, Wellspring Financial Advisors LLC bought a new stake in Alerian MLP ETN in the second quarter valued at about $1,141,000.

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.