Alerian MLP ETN (NYSEARCA:AMJB) CEO Sells $21,353,391.28 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO James Dimon sold 69,512 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $307.19, for a total value of $21,353,391.28. Following the transaction, the chief executive officer owned 4,209,284 shares in the company, valued at approximately $1,293,049,951.96. This trade represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alerian MLP ETN Price Performance

Shares of AMJB stock traded down $0.25 on Thursday, hitting $34.19. The stock had a trading volume of 30,428 shares, compared to its average volume of 41,907. Alerian MLP ETN has a twelve month low of $26.65 and a twelve month high of $34.61. The company has a fifty day moving average price of $31.46 and a two-hundred day moving average price of $30.47.

Alerian MLP ETN Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were given a $0.5006 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is a boost from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Investors Weigh In On Alerian MLP ETN

A number of large investors have recently added to or reduced their stakes in the business. MeadowBrook Investment Advisors LLC increased its position in shares of Alerian MLP ETN by 23.1% in the second quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock worth $180,000 after purchasing an additional 1,120 shares during the period. Nicolet Bankshares Inc. grew its stake in Alerian MLP ETN by 1.0% during the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after buying an additional 1,994 shares in the last quarter. Parallel Advisors LLC bought a new position in Alerian MLP ETN in the 4th quarter valued at about $151,000. Lake Street Private Wealth LLC lifted its holdings in shares of Alerian MLP ETN by 31.6% during the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after acquiring an additional 32,075 shares during the period. Finally, Wellspring Financial Advisors LLC acquired a new stake in shares of Alerian MLP ETN during the 2nd quarter worth approximately $1,141,000.

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.