Alerian MLP ETN (NYSEARCA:AMJB) CFO Sells $935,037.02 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the transaction, the chief financial officer directly owned 32,438 shares in the company, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Barnum also recently made the following trade(s):

• On Wednesday, April 15th, Jeremy Barnum sold 5,611 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.55, for a total value of $1,720,052.05.
• On Tuesday, February 17th, Jeremy Barnum sold 2,892 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.42, for a total value of $886,166.64.

Alerian MLP ETN Stock Performance

NYSEARCA AMJB opened at $35.60 on Friday. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $36.14. The business has a 50 day moving average price of $34.56 and a 200-day moving average price of $32.23.

Alerian MLP ETN Increases Dividend

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

Institutional Investors Weigh In On Alerian MLP ETN

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC bought a new stake in shares of Alerian MLP ETN during the fourth quarter valued at approximately $151,000. Lake Street Private Wealth LLC increased its holdings in shares of Alerian MLP ETN by 31.6% during the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock valued at $3,943,000 after acquiring an additional 32,075 shares in the last quarter. Nicolet Bankshares Inc. increased its holdings in shares of Alerian MLP ETN by 1.0% during the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after acquiring an additional 1,994 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Alerian MLP ETN by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after acquiring 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.