Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman Sells 5,468 Shares

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 5,468 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the sale, the general counsel directly owned 46,428 shares in the company, valued at $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Price Performance

Shares of Alerian MLP ETN stock traded down $0.31 on Wednesday, reaching $37.16. The company had a trading volume of 16,181 shares, compared to its average volume of 47,232. The firm’s 50 day moving average price is $34.87 and its two-hundred day moving average price is $32.64. Alerian MLP ETN has a 52-week low of $28.00 and a 52-week high of $37.54.

Alerian MLP ETN Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, March 2nd were paid a $0.506 dividend. This is a positive change from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On Alerian MLP ETN

A number of institutional investors and hedge funds have recently made changes to their positions in AMJB. Parallel Advisors LLC increased its stake in Alerian MLP ETN by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock worth $217,000 after buying an additional 1,220 shares during the period. Nicolet Bankshares Inc. increased its stake in Alerian MLP ETN by 1.0% during the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after buying an additional 1,994 shares during the period. Lake Street Private Wealth LLC increased its stake in Alerian MLP ETN by 31.6% during the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after buying an additional 32,075 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after buying an additional 130,000 shares during the period.

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.