Alerian MLP ETN (NYSEARCA:AMJB) Declares Dividend of $0.50

Alerian MLP ETN (NYSEARCA:AMJB) announced a dividend on Sunday, August 16th. Stockholders of record on Friday, August 28th will be given a dividend of 0.4957 per share on Tuesday, September 8th. The ex-dividend date of this dividend is Friday, August 28th.

Alerian MLP ETN Price Performance

NYSEARCA:AMJB opened at $37.71 on Wednesday. The business’s fifty day moving average price is $35.95 and its 200 day moving average price is $35.22. Alerian MLP ETN has a 12 month low of $28.00 and a 12 month high of $38.01.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total transaction of $903,525.00. Following the sale, the insider owned 73,547 shares of the company’s stock, valued at approximately $26,580,621.27. This trade represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the sale, the general counsel owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On Alerian MLP ETN

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 335,000 shares during the last quarter. RPg Family Wealth Advisory LLC grew its position in shares of Alerian MLP ETN by 37.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock valued at $5,713,000 after buying an additional 45,061 shares during the last quarter. Risk Paradigm Group LLC grew its position in shares of Alerian MLP ETN by 34.1% in the 2nd quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock valued at $5,186,000 after buying an additional 38,210 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Alerian MLP ETN during the 1st quarter worth $209,000. Finally, Parallel Advisors LLC acquired a new stake in Alerian MLP ETN during the 4th quarter worth $151,000.

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.