JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Insider Ashley Bacon Sells 5,086 Shares

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ashley Bacon also recently made the following trade(s):

• On Friday, February 16th, Ashley Bacon sold 3,368 shares of JPMorgan Alerian MLP Index ETN stock. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00.

JPMorgan Alerian MLP Index ETN Stock Up 0.4 %

AMJ stock opened at $28.66 on Thursday. JPMorgan Alerian MLP Index ETN has a 1 year low of $21.85 and a 1 year high of $29.16. The business’s 50-day moving average is $28.09 and its two-hundred day moving average is $26.58.

JPMorgan Alerian MLP Index ETN Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMJ. Raymond James Financial Services Advisors Inc. increased its position in shares of JPMorgan Alerian MLP Index ETN by 31.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,168 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 5,836 shares during the last quarter. AlphaQ Advisors LLC increased its holdings in JPMorgan Alerian MLP Index ETN by 0.6% in the third quarter. AlphaQ Advisors LLC now owns 88,566 shares of the exchange traded fund’s stock valued at $2,188,000 after buying an additional 540 shares during the last quarter. Congress Wealth Management LLC DE raised its stake in JPMorgan Alerian MLP Index ETN by 14.1% in the third quarter. Congress Wealth Management LLC DE now owns 79,888 shares of the exchange traded fund’s stock valued at $1,973,000 after buying an additional 9,888 shares in the last quarter. Fifth Third Bancorp lifted its holdings in JPMorgan Alerian MLP Index ETN by 196.0% during the 3rd quarter. Fifth Third Bancorp now owns 16,612 shares of the exchange traded fund’s stock worth $410,000 after buying an additional 11,000 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC boosted its position in shares of JPMorgan Alerian MLP Index ETN by 2.0% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 58,808 shares of the exchange traded fund’s stock worth $1,453,000 after acquiring an additional 1,166 shares in the last quarter.

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.