JPMorgan Chase & Co. Sells 910,000 Shares of Alerian MLP ETN $AMJB

JPMorgan Chase & Co. reduced its position in Alerian MLP ETN (NYSEARCA:AMJBFree Report) by 32.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,880,023 shares of the company’s stock after selling 910,000 shares during the period. JPMorgan Chase & Co. owned about 0.47% of Alerian MLP ETN worth $56,889,000 as of its most recent filing with the SEC.

Separately, MeadowBrook Investment Advisors LLC increased its position in Alerian MLP ETN by 23.1% during the second quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock worth $180,000 after buying an additional 1,120 shares during the last quarter.

Alerian MLP ETN Stock Up 1.0%

AMJB opened at $31.06 on Friday. Alerian MLP ETN has a 12-month low of $26.65 and a 12-month high of $33.40. The business has a 50 day moving average of $29.54 and a 200-day moving average of $30.13.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.5006 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Alerian MLP ETN’s previous dividend of $0.49.

Insider Transactions at Alerian MLP ETN

In other Alerian MLP ETN news, insider Robin Leopold sold 966 shares of Alerian MLP ETN stock in a transaction on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider directly owned 58,479 shares of the company’s stock, valued at $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Alerian MLP ETN Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alerian MLP ETN (NYSEARCA:AMJB)

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