Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Shares Gap Down – Should You Sell?

Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) gapped down before the market opened on Tuesday . The stock had previously closed at $28.88, but opened at $27.69. Alerian MLP Index ETNs due January 28, 2044 shares last traded at $29.15, with a volume of 169,630 shares trading hands.

Alerian MLP Index ETNs due January 28, 2044 Trading Down 3.7 %

The firm has a 50-day moving average of $31.91 and a two-hundred day moving average of $30.56.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Insider Transactions at Alerian MLP Index ETNs due January 28, 2044

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,808 shares of company stock valued at $23,286,152 over the last three months.

Institutional Trading of Alerian MLP Index ETNs due January 28, 2044

A hedge fund recently raised its stake in Alerian MLP Index ETNs due January 28, 2044 stock. Nicolet Bankshares Inc. increased its holdings in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 205,018 shares of the company’s stock after purchasing an additional 3,102 shares during the period. Alerian MLP Index ETNs due January 28, 2044 makes up approximately 1.4% of Nicolet Bankshares Inc.’s holdings, making the stock its 17th largest position. Nicolet Bankshares Inc.’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $6,050,000 at the end of the most recent quarter.

About Alerian MLP Index ETNs due January 28, 2044

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.