Alerian MLP ETN (AMJB) To Go Ex-Dividend on August 28th

Alerian MLP ETN (NYSEARCA:AMJB) announced a dividend on Sunday, August 16th. Stockholders of record on Friday, August 28th will be given a dividend of 0.4957 per share on Tuesday, September 8th. The ex-dividend date of this dividend is Friday, August 28th.

Alerian MLP ETN Price Performance

AMJB opened at $37.71 on Wednesday. The company’s 50 day moving average is $35.95 and its 200 day moving average is $35.22. Alerian MLP ETN has a 12-month low of $28.00 and a 12-month high of $38.01.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Alerian MLP ETN

A number of institutional investors have recently bought and sold shares of AMJB. Parallel Advisors LLC purchased a new position in shares of Alerian MLP ETN in the fourth quarter valued at about $151,000. NewEdge Advisors LLC bought a new position in shares of Alerian MLP ETN in the first quarter worth about $209,000. Smallwood Wealth Investment Management LLC grew its position in shares of Alerian MLP ETN by 1.5% during the second quarter. Smallwood Wealth Investment Management LLC now owns 93,326 shares of the company’s stock worth $3,219,000 after purchasing an additional 1,424 shares in the last quarter. Risk Paradigm Group LLC grew its position in shares of Alerian MLP ETN by 34.1% during the second quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock worth $5,186,000 after purchasing an additional 38,210 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC raised its stake in 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 during the period.

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.