Alerian MLP ETN (NYSEARCA:AMJB) COO Sells $2,680,923.09 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) COO Jennifer Piepszak sold 8,571 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the completion of the transaction, the chief operating officer owned 71,027 shares in the company, valued at $22,216,535.33. This trade represents a 10.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alerian MLP ETN Stock Performance

NYSEARCA AMJB traded up $0.31 during trading hours on Friday, hitting $31.79. 17,139 shares of the company’s stock traded hands, compared to its average volume of 45,085. Alerian MLP ETN has a 52 week low of $26.65 and a 52 week high of $33.40. The business’s fifty day moving average price is $30.32 and its two-hundred day moving average price is $30.09.

Alerian MLP ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 1st were paid a $0.5006 dividend. This is a positive change from Alerian MLP ETN’s previous dividend of $0.49. The ex-dividend date was Monday, December 1st.

Institutional Trading of Alerian MLP ETN

A number of hedge funds and other institutional investors have recently bought and sold shares of AMJB. MeadowBrook Investment Advisors LLC grew its stake in shares of Alerian MLP ETN by 23.1% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock valued at $180,000 after acquiring an additional 1,120 shares during the period. IFP Advisors Inc lifted its holdings in Alerian MLP ETN by 44.1% during the second quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock valued at $1,040,000 after purchasing an additional 10,510 shares in the last quarter. Wellspring Financial Advisors LLC bought a new position in shares of Alerian MLP ETN in the second quarter worth approximately $1,141,000. Lake Street Private Wealth LLC increased its stake in shares of Alerian MLP ETN by 31.6% in the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after purchasing an additional 32,075 shares in the last quarter. Finally, Nicolet Bankshares Inc. raised its position in shares of Alerian MLP ETN by 1.0% during the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after purchasing an additional 1,994 shares during the period.

About Alerian MLP ETN

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.