Alerian MLP ETN $AMJB Stock Holdings Cut by Waverly Advisors LLC

Waverly Advisors LLC decreased its position in Alerian MLP ETN (NYSEARCA:AMJB) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 319,590 shares of the company’s stock after selling 34,153 shares during the quarter. Waverly Advisors LLC owned about 1.37% of Alerian MLP ETN worth $11,023,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC acquired a new position in Alerian MLP ETN during the fourth quarter worth about $151,000. JPMorgan Chase & Co. lifted its holdings in Alerian MLP ETN by 16.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after acquiring an additional 335,000 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Alerian MLP ETN in the 1st quarter valued at about $209,000. Risk Paradigm Group LLC boosted its position in shares of Alerian MLP ETN by 34.1% during the 2nd quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock valued at $5,186,000 after purchasing an additional 38,210 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its position in shares of 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 valued at $5,713,000 after purchasing an additional 45,061 shares in the last quarter.

Alerian MLP ETN Stock Up 1.2%

Shares of AMJB opened at $38.54 on Thursday. The firm’s 50 day moving average is $36.82 and its 200-day moving average is $35.55. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $38.55.

Alerian MLP ETN Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 8th. Investors of record on Friday, August 28th were issued a dividend of $0.4957 per share. The ex-dividend date was Friday, August 28th.

Insider Activity at Alerian MLP ETN

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

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.