Mary Erdoes Sells 5,731 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 5,731 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $306.41, for a total transaction of $1,756,035.71. Following the completion of the transaction, the chief executive officer owned 613,405 shares of the company’s stock, valued at $187,953,426.05. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alerian MLP ETN Stock Performance

Shares of NYSEARCA:AMJB opened at $34.44 on Thursday. Alerian MLP ETN has a 12 month low of $26.65 and a 12 month high of $34.61. The company’s fifty day simple moving average is $31.46 and its 200 day simple moving average is $30.47.

Alerian MLP ETN Increases Dividend

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

Hedge Funds Weigh In On Alerian MLP ETN

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Alerian MLP ETN by 16.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after purchasing an additional 335,000 shares during the last quarter. Parallel Advisors LLC bought a new position in Alerian MLP ETN in the fourth quarter valued at $151,000. Nicolet Bankshares Inc. grew its position in Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after purchasing an additional 1,994 shares in the last quarter. Lake Street Private Wealth LLC increased its stake in Alerian MLP ETN by 31.6% in the 3rd 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 last quarter. Finally, Wellspring Financial Advisors LLC bought a new stake in Alerian MLP ETN during the 2nd quarter worth about $1,141,000.

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.