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

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

Alerian MLP ETN Stock Down 0.7%

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

Alerian MLP ETN Increases Dividend

The firm 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. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from Alerian MLP ETN’s previous dividend of $0.49.

Hedge Funds Weigh In On Alerian MLP ETN

Several institutional investors and hedge funds have recently modified their holdings of AMJB. JPMorgan Chase & Co. increased its stake 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 worth $70,140,000 after purchasing an additional 335,000 shares in the last quarter. Wellspring Financial Advisors LLC bought a new position in Alerian MLP ETN in the second quarter valued at approximately $1,141,000. Lake Street Private Wealth LLC boosted its holdings 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 valued at $3,943,000 after buying an additional 32,075 shares during the period. Parallel Advisors LLC bought a new stake in shares of Alerian MLP ETN during the fourth quarter worth $151,000. Finally, Nicolet Bankshares Inc. raised its holdings 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 worth $5,756,000 after acquiring an additional 1,994 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.