Alerian MLP ETN $AMJB Shares Acquired by Risk Paradigm Group LLC

Risk Paradigm Group LLC raised its holdings in Alerian MLP ETN (NYSEARCA:AMJB) by 34.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,358 shares of the company’s stock after buying an additional 38,210 shares during the quarter. Alerian MLP ETN accounts for 3.4% of Risk Paradigm Group LLC’s investment portfolio, making the stock its 6th largest holding. Risk Paradigm Group LLC owned about 0.64% of Alerian MLP ETN worth $5,186,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Alerian MLP ETN by 16.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock valued at $70,140,000 after acquiring an additional 335,000 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Alerian MLP ETN during the first quarter valued at about $209,000. Finally, Parallel Advisors LLC acquired a new position in shares of Alerian MLP ETN during the fourth quarter valued at about $151,000.

Alerian MLP ETN Stock Performance

Shares of AMJB opened at $37.20 on Monday. Alerian MLP ETN has a one year low of $28.00 and a one year high of $38.55. The stock has a 50-day moving average of $36.20 and a 200-day moving average of $35.32.

Alerian MLP ETN Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.4957 per share. The ex-dividend date is Friday, August 28th.

Insider Buying and Selling

In related news, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the transaction, the insider directly owned 73,547 shares in the company, valued at $26,580,621.27. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of Alerian MLP ETN stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.