Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Sells $1,641,876.36 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 5,468 shares of Alerian MLP ETN stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the sale, the general counsel owned 46,428 shares of the company’s stock, valued at $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Trading Up 0.1%

NYSEARCA AMJB opened at $37.04 on Friday. The company has a 50 day moving average price of $35.03 and a two-hundred day moving average price of $32.78. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $37.54.

Alerian MLP ETN Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 8th. Shareholders of record on Friday, May 29th will be paid a $0.5079 dividend. This is a boost from Alerian MLP ETN’s previous dividend of $0.51. The ex-dividend date is Friday, May 29th.

Institutional Trading of Alerian MLP ETN

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in shares of Alerian MLP ETN by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock worth $217,000 after buying an additional 1,220 shares during the last quarter. Nicolet Bankshares Inc. lifted its stake in shares of Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after buying an additional 1,994 shares during the last quarter. Lake Street Private Wealth LLC lifted its stake in shares of 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 last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Alerian MLP ETN by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after buying an additional 130,000 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.