Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Reaches New 12-Month High – Should You Buy?

Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $33.20 and last traded at $33.15, with a volume of 5033 shares trading hands. The stock had previously closed at $32.69.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The business’s 50 day moving average is $31.12 and its two-hundred day moving average is $29.71.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a $0.4502 dividend. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44. The ex-dividend date was Friday, November 29th.

Insider Activity at Alerian MLP Index ETNs due January 28, 2044

In other Alerian MLP Index ETNs due January 28, 2044 news, CEO Marianne Lake sold 4,233 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $254.00, for a total transaction of $1,075,182.00. Following the completion of the transaction, the chief executive officer now owns 118,507 shares of the company’s stock, valued at $30,100,778. This represents a 3.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 7,122 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $1,808,560.68. Following the completion of the sale, the insider now owns 219,388 shares in the company, valued at $55,711,388.72. This represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,484 shares of company stock valued at $15,548,639.

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

Large investors have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC raised its stake in Alerian MLP Index ETNs due January 28, 2044 by 160.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 8,423 shares of the company’s stock valued at $240,000 after purchasing an additional 5,188 shares in the last quarter. Nicolet Bankshares Inc. increased its holdings in shares of Alerian MLP Index ETNs due January 28, 2044 by 1.5% in the 4th quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock worth $6,050,000 after buying an additional 3,102 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 3.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock valued at $101,663,000 after buying an additional 109,965 shares in the last quarter.

About Alerian MLP Index ETNs due January 28, 2044

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.