Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Large Volume Increase – Here’s What Happened

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) shares saw unusually-high trading volume on Friday . Approximately 96,669 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 58,521 shares.The stock last traded at $32.05 and had previously closed at $32.06.

Alerian MLP Index ETNs due January 28, 2044 Stock Up 0.2 %

The firm has a fifty day simple moving average of $30.21 and a 200 day simple moving average of $29.18.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a $0.4502 dividend. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44. The ex-dividend date was Friday, November 29th.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 7,122 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $1,808,560.68. Following the sale, the insider now owns 219,388 shares of the company’s stock, valued at $55,711,388.72. The trade was a 3.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,658 shares of company stock valued at $3,722,507 over the last quarter.

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

A hedge fund recently raised its stake in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC increased its position in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,423 shares of the company’s stock after purchasing an additional 5,188 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

About Alerian MLP Index ETNs due January 28, 2044

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.