Alerian MLP ETN (NYSEARCA:AMJB) Sees Strong Trading Volume – Here’s Why

Shares of Alerian MLP ETN (NYSEARCA:AMJB) saw unusually-high trading volume on Monday. 95,091 shares were traded during mid-day trading, an increase of 157% from the average daily volume of 37,055 shares. The stock last traded at $35.5090 and had previously closed at $35.58.

Alerian MLP ETN Stock Performance

The firm’s 50-day simple moving average is $36.17 and its 200-day simple moving average is $35.18.

Alerian MLP ETN Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th were paid a $0.4957 dividend. This is a decrease from Alerian MLP ETN’s previous dividend of $0.5079. The ex-dividend date of this dividend was Friday, August 28th.

Insider Buying and Selling

In other Alerian MLP ETN news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On Alerian MLP ETN

Institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. raised its stake in shares of Alerian MLP ETN by 1.4% during the second quarter. Baird Financial Group Inc. now owns 271,646 shares of the company’s stock valued at $9,369,000 after acquiring an additional 3,774 shares during the last quarter. RPg Family Wealth Advisory LLC grew its stake in shares of Alerian MLP ETN by 37.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock worth $5,713,000 after purchasing an additional 45,061 shares during the last quarter. Risk Paradigm Group LLC grew its stake in shares of Alerian MLP ETN by 34.1% in the second quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock worth $5,186,000 after purchasing an additional 38,210 shares during the last quarter. Smallwood Wealth Investment Management LLC grew its stake in shares of Alerian MLP ETN by 0.8% in the third quarter. Smallwood Wealth Investment Management LLC now owns 94,107 shares of the company’s stock worth $3,246,000 after purchasing an additional 781 shares during the last quarter. Finally, Benchmark Financial LLC increased its holdings in Alerian MLP ETN by 5.4% during the 3rd quarter. Benchmark Financial LLC now owns 51,291 shares of the company’s stock valued at $1,769,000 after purchasing an additional 2,637 shares during the period.

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.