JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Insider Sells $4,167,374.39 in Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Elena A. Korablina sold 21,829 shares of JPMorgan Alerian MLP Index ETN stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

JPMorgan Alerian MLP Index ETN Stock Performance

AMJ stock opened at $28.66 on Thursday. JPMorgan Alerian MLP Index ETN has a 52-week low of $21.85 and a 52-week high of $29.16. The stock’s fifty day simple moving average is $28.09 and its 200-day simple moving average is $26.58.

JPMorgan Alerian MLP Index ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 29th were given a dividend of $0.4227 per share. The ex-dividend date was Wednesday, February 28th. This is an increase from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41.

Institutional Trading of JPMorgan Alerian MLP Index ETN

A number of hedge funds have recently added to or reduced their stakes in AMJ. CWM LLC boosted its holdings in shares of JPMorgan Alerian MLP Index ETN by 367.4% in the 4th quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,613 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in shares of JPMorgan Alerian MLP Index ETN in the 4th quarter worth $67,000. Montag A & Associates Inc. boosted its holdings in JPMorgan Alerian MLP Index ETN by 53.6% in the fourth quarter. Montag A & Associates Inc. now owns 2,866 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 1,000 shares during the last quarter. M&R Capital Management Inc. purchased a new stake in JPMorgan Alerian MLP Index ETN during the fourth quarter valued at about $76,000. Finally, Sound Income Strategies LLC acquired a new stake in JPMorgan Alerian MLP Index ETN during the fourth quarter worth about $88,000.

About JPMorgan Alerian MLP Index ETN

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.