Alerian MLP ETN (NYSEARCA:AMJB) COO Sells $1,522,036.98 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Piepszak also recently made the following trade(s):

• On Wednesday, April 15th, Jennifer Piepszak sold 9,136 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.56, for a total value of $2,800,732.16.

Alerian MLP ETN Stock Performance

Shares of Alerian MLP ETN stock opened at $35.60 on Friday. The business has a 50-day moving average of $34.56 and a 200-day moving average of $32.23. Alerian MLP ETN has a 1-year low of $28.00 and a 1-year high of $36.14.

Alerian MLP ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.506 per share. This is a boost from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On Alerian MLP ETN

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC acquired a new position in Alerian MLP ETN in the fourth quarter worth about $151,000. Lake Street Private Wealth LLC grew its stake in Alerian MLP ETN by 31.6% in the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after purchasing an additional 32,075 shares in the last quarter. Nicolet Bankshares Inc. grew its stake in Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after purchasing an additional 1,994 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Alerian MLP ETN by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after purchasing an additional 130,000 shares in the last quarter.

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.