Alerian MLP ETN (NYSEARCA:AMJB) Insider Ashley Bacon Sells 4,070 Shares

Alerian MLP ETN (NYSEARCA:AMJB) insider Ashley Bacon sold 4,070 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,259,339.40. Following the completion of the transaction, the insider directly owned 248,785 shares in the company, valued at $76,979,054.70. The trade was a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Ashley Bacon sold 7,558 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.55, for a total transaction of $2,316,904.90.

Alerian MLP ETN Stock Down 0.0%

NYSEARCA AMJB opened at $35.90 on Wednesday. Alerian MLP ETN has a 52-week low of $28.00 and a 52-week high of $36.14. The company has a fifty day moving average of $34.52 and a 200-day moving average of $32.14.

Alerian MLP ETN Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.506 per share. This is an increase from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date of this dividend was Monday, March 2nd.

Hedge Funds Weigh In On Alerian MLP ETN

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after buying an additional 130,000 shares in the last quarter. Lake Street Private Wealth LLC grew its position in 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 during the last quarter. Nicolet Bankshares Inc. grew its position in 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 during the last quarter. Finally, Parallel Advisors LLC purchased a new position in shares of Alerian MLP ETN during the fourth quarter worth approximately $151,000.

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.