Elena A. Korablina Sells 21,829 Shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Elena A. Korablina sold 21,829 shares of JPMorgan Alerian MLP Index ETN stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

JPMorgan Alerian MLP Index ETN Stock Performance

Shares of NYSEARCA AMJ opened at $28.55 on Wednesday. The company has a 50 day simple moving average of $28.06 and a 200-day simple moving average of $26.57. JPMorgan Alerian MLP Index ETN has a 1 year low of $21.85 and a 1 year high of $29.16.

JPMorgan Alerian MLP Index ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.4227 per share. This is a boost from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 28th.

Hedge Funds Weigh In On JPMorgan Alerian MLP Index ETN

Several large investors have recently modified their holdings of AMJ. Raymond James Financial Services Advisors Inc. increased its holdings in JPMorgan Alerian MLP Index ETN by 31.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,168 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 5,836 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of JPMorgan Alerian MLP Index ETN in the third quarter valued at $262,000. AlphaQ Advisors LLC raised its holdings in shares of JPMorgan Alerian MLP Index ETN by 0.6% in the 3rd quarter. AlphaQ Advisors LLC now owns 88,566 shares of the exchange traded fund’s stock valued at $2,188,000 after buying an additional 540 shares during the period. Congress Wealth Management LLC DE raised its holdings in shares of JPMorgan Alerian MLP Index ETN by 14.1% in the 3rd quarter. Congress Wealth Management LLC DE now owns 79,888 shares of the exchange traded fund’s stock valued at $1,973,000 after buying an additional 9,888 shares during the period. Finally, Fifth Third Bancorp lifted its stake in JPMorgan Alerian MLP Index ETN by 196.0% during the 3rd quarter. Fifth Third Bancorp now owns 16,612 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 11,000 shares in the last quarter.

About JPMorgan Alerian MLP Index ETN

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.