Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Strong Trading Volume – Should You Buy?

Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) saw unusually-strong trading volume on Wednesday . Approximately 101,121 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 84,579 shares.The stock last traded at $29.84 and had previously closed at $29.81.

Alerian MLP Index ETNs due January 28, 2044 Stock Down 0.6 %

The business’s fifty day moving average is $31.60 and its two-hundred day moving average is $30.56.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, March 3rd were given a $0.4752 dividend. This is a positive change from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.45. The ex-dividend date was Monday, March 3rd.

Insider Activity

In other Alerian MLP Index ETNs due January 28, 2044 news, CEO James Dimon sold 133,639 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $235.68, for a total transaction of $31,496,039.52. Following the sale, the chief executive officer now directly owns 1,321,357 shares in the company, valued at approximately $311,417,417.76. This trade represents a 9.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 223,447 shares of company stock valued at $54,782,191 in the last 90 days.

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

A hedge fund recently raised its stake in Alerian MLP Index ETNs due January 28, 2044 stock. CIBC Private Wealth Group LLC boosted its position in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,337,595 shares of the company’s stock after buying an additional 109,965 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.12% of Alerian MLP Index ETNs due January 28, 2044 worth $101,663,000 at the end of the most recent quarter.

Alerian MLP Index ETNs due January 28, 2044 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.