Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Large Volume Increase – Here’s What Happened

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJBGet Free Report) saw an uptick in trading volume on Friday . 58,192 shares traded hands during trading, a decline of 12% from the previous session’s volume of 66,005 shares.The stock last traded at $32.32 and had previously closed at $32.09.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

The company has a 50-day simple moving average of $30.64 and a 200 day simple moving average of $29.37.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

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

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ashley Bacon sold 7,122 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $1,808,560.68. Following the transaction, the insider now owns 219,388 shares in the company, valued at approximately $55,711,388.72. The trade was a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,658 shares of company stock worth $3,722,507 in the last 90 days.

Hedge Funds Weigh In On Alerian MLP Index ETNs due January 28, 2044

An institutional investor recently raised its position in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC lifted its position in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJBFree Report) by 160.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,423 shares of the company’s stock after buying an additional 5,188 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $240,000 as of its most recent SEC filing.

About Alerian MLP Index ETNs due January 28, 2044

(Get Free Report)

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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