Insider Selling: Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Insider Sells 5,202 Shares of Stock

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) insider Ashley Bacon sold 5,202 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $262.53, for a total transaction of $1,365,681.06. Following the completion of the transaction, the insider now directly owns 234,992 shares of the company’s stock, valued at approximately $61,692,449.76. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alerian MLP Index ETNs due January 28, 2044 Trading Up 2.7%

Shares of NYSEARCA:AMJB opened at $30.89 on Wednesday. Alerian MLP Index ETNs due January 28, 2044 has a one year low of $26.65 and a one year high of $33.40. The company has a 50 day moving average of $30.56 and a 200-day moving average of $30.73.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

Several institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 13.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,507 shares of the company’s stock worth $406,000 after buying an additional 1,472 shares during the period. Nicolet Bankshares Inc. grew its holdings in Alerian MLP Index ETNs due January 28, 2044 by 1.5% during the fourth quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock valued at $6,050,000 after purchasing an additional 3,102 shares during the period. Crestwood Advisors Group LLC acquired a new position in Alerian MLP Index ETNs due January 28, 2044 during the first quarter valued at approximately $2,031,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Alerian MLP Index ETNs due January 28, 2044 by 3.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock valued at $101,663,000 after purchasing an additional 109,965 shares during the period.

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.