Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum Sells 2,892 Shares

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 2,892 shares of Alerian MLP ETN stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $306.42, for a total transaction of $886,166.64. Following the completion of the transaction, the chief financial officer owned 23,804 shares in the company, valued at approximately $7,294,021.68. This trade represents a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jeremy Barnum also recently made the following trade(s):

• On Friday, January 16th, Jeremy Barnum sold 2,893 shares of Alerian MLP ETN stock. The stock was sold at an average price of $312.79, for a total transaction of $904,901.47.

Alerian MLP ETN Price Performance

NYSEARCA:AMJB traded down $0.21 during mid-day trading on Tuesday, reaching $34.13. The stock had a trading volume of 28,434 shares, compared to its average volume of 41,101. Alerian MLP ETN has a twelve month low of $26.65 and a twelve month high of $34.34. The business has a 50 day simple moving average of $31.29 and a 200 day simple moving average of $30.42.

Alerian MLP ETN Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 1st were given a $0.5006 dividend. This is an increase from Alerian MLP ETN’s previous dividend of $0.49. The ex-dividend date was Monday, December 1st.

Institutional Investors Weigh In On Alerian MLP ETN

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Alerian MLP ETN by 16.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after buying an additional 335,000 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Alerian MLP ETN in the fourth quarter valued at $151,000. Nicolet Bankshares Inc. boosted its stake in shares of Alerian MLP ETN by 1.0% during the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after acquiring an additional 1,994 shares during the last quarter. Lake Street Private Wealth LLC increased its position in Alerian MLP ETN by 31.6% during 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 in the last quarter. Finally, Wellspring Financial Advisors LLC acquired a new position in Alerian MLP ETN in the 2nd 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.