JPMorgan Chase & Co. reduced its position in Alerian MLP ETN (NYSEARCA:AMJB – Free 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
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
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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