Insider Selling: Alerian MLP ETN (NYSEARCA:AMJB) Insider Sells $127,760.98 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 433 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total transaction of $127,760.98. Following the completion of the sale, the insider directly owned 64,920 shares of the company’s stock, valued at $19,155,295.20. This 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.

Robin Leopold also recently made the following trade(s):

• On Thursday, February 19th, Robin Leopold sold 432 shares of Alerian MLP ETN stock. The shares were sold at an average price of $307.14, for a total transaction of $132,684.48.

Alerian MLP ETN Stock Down 0.6%

AMJB stock opened at $35.37 on Thursday. Alerian MLP ETN has a 1 year low of $26.65 and a 1 year high of $35.75. The company has a fifty day simple moving average of $33.67 and a 200 day simple moving average of $31.17.

Alerian MLP ETN Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.506 per share. This is an increase from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date was Monday, March 2nd.

Institutional Trading of Alerian MLP ETN

A number of institutional investors and hedge funds have recently made changes to their positions in AMJB. Parallel Advisors LLC acquired a new position in shares of Alerian MLP ETN during the 4th quarter valued at about $151,000. Wellspring Financial Advisors LLC acquired a new stake in Alerian MLP ETN in the 2nd quarter worth approximately $1,141,000. Lake Street Private Wealth LLC lifted its holdings in Alerian MLP ETN by 31.6% in the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after purchasing an additional 32,075 shares during the last quarter. Nicolet Bankshares Inc. boosted its position in Alerian MLP ETN by 1.0% during the third 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 period. Finally, JPMorgan Chase & Co. boosted its position in Alerian MLP ETN by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after purchasing an additional 130,000 shares during the period.

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.