Alerian MLP ETN $AMJB Shares Newly Purchased by Value Investment Professionals LLC

Value Investment Professionals LLC purchased a new position in shares of Alerian MLP ETN (NYSEARCA:AMJB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,756 shares of the company’s stock, valued at approximately $992,000.

A number of other hedge funds have also bought and sold shares of AMJB. NewEdge Advisors LLC bought a new stake in Alerian MLP ETN in the first quarter valued at about $209,000. Parallel Advisors LLC raised its stake in Alerian MLP ETN by 24.1% during the first quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock valued at $217,000 after buying an additional 1,220 shares in the last quarter. Smallwood Wealth Investment Management LLC raised its stake in Alerian MLP ETN by 1.5% during the second quarter. Smallwood Wealth Investment Management LLC now owns 93,326 shares of the company’s stock valued at $3,219,000 after buying an additional 1,424 shares in the last quarter. Risk Paradigm Group LLC lifted its holdings in Alerian MLP ETN by 34.1% during the 2nd quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock worth $5,186,000 after buying an additional 38,210 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC lifted its holdings in Alerian MLP ETN by 37.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock worth $5,713,000 after buying an additional 45,061 shares during the last quarter.

Alerian MLP ETN Trading Up 0.1%

Shares of AMJB opened at $34.94 on Tuesday. The stock has a 50 day moving average of $36.78 and a 200-day moving average of $35.77. Alerian MLP ETN has a 52 week low of $28.09 and a 52 week high of $38.55.

Alerian MLP ETN Cuts Dividend

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

Insider Activity

In related news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN 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.