Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Hits New 1-Year Low – Should You Sell?

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $26.98 and last traded at $27.08, with a volume of 7844 shares. The stock had previously closed at $27.38.

Alerian MLP Index ETNs due January 28, 2044 Trading Down 2.6 %

The firm has a 50-day moving average of $32.03 and a 200 day moving average of $30.57.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.4752 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.45.

Insiders Place Their Bets

In other news, insider Lori A. Beer sold 2,053 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.88, for a total transaction of $554,063.64. Following the completion of the transaction, the insider now owns 52,534 shares in the company, valued at $14,177,875.92. This trade represents a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the sale, the chief operating officer now directly owns 50,197 shares in the company, valued at approximately $12,400,164.91. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,808 shares of company stock valued at $23,286,152.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alerian MLP Index ETNs due January 28, 2044 stock. CIBC Private Wealth Group LLC increased its holdings in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,337,595 shares of the company’s stock after purchasing an additional 109,965 shares during the period. CIBC Private Wealth Group LLC owned 0.12% of Alerian MLP Index ETNs due January 28, 2044 worth $101,663,000 as of its most recent SEC filing.

Alerian MLP Index ETNs due January 28, 2044 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.