Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes Sells 6,648 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 6,648 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $298.36, for a total value of $1,983,497.28. Following the sale, the chief executive officer owned 632,399 shares of the company’s stock, valued at $188,682,565.64. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alerian MLP ETN Stock Performance

Shares of Alerian MLP ETN stock opened at $36.91 on Friday. The business has a 50-day moving average of $34.76 and a 200-day moving average of $32.51. Alerian MLP ETN has a 1-year low of $28.00 and a 1-year high of $36.99.

Alerian MLP ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.506 per share. This is a boost from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date was Monday, March 2nd.

Institutional Trading of Alerian MLP ETN

Several large investors have recently modified their holdings of AMJB. Parallel Advisors LLC acquired a new stake in shares of Alerian MLP ETN during the fourth quarter valued at about $151,000. Lake Street Private Wealth LLC grew its stake in shares of Alerian MLP ETN by 31.6% during the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock valued at $3,943,000 after acquiring an additional 32,075 shares in the last quarter. Nicolet Bankshares Inc. grew its stake in shares of Alerian MLP ETN by 1.0% during the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after acquiring an additional 1,994 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Alerian MLP ETN by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after acquiring an additional 130,000 shares in the last quarter.

Alerian MLP ETN 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.