Insider Selling: Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Sells $3,689,999.70 in Stock

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Mary E. Erdoes sold 14,055 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $262.54, for a total transaction of $3,689,999.70. Following the transaction, the chief executive officer now directly owns 608,410 shares in the company, valued at approximately $159,731,961.40. This trade represents a 2.26% 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.

Alerian MLP Index ETNs due January 28, 2044 Stock Up 0.7%

NYSEARCA:AMJB opened at $31.17 on Friday. Alerian MLP Index ETNs due January 28, 2044 has a fifty-two week low of $26.65 and a fifty-two week high of $33.40. The firm’s fifty day simple moving average is $30.55 and its 200-day simple moving average is $30.75.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its holdings in Alerian MLP Index ETNs due January 28, 2044 by 3.4% in 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 last quarter. Nicolet Bankshares Inc. grew its stake in Alerian MLP Index ETNs due January 28, 2044 by 1.5% in the 4th quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock valued at $6,050,000 after acquiring an additional 3,102 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Alerian MLP Index ETNs due January 28, 2044 by 13.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,507 shares of the company’s stock valued at $406,000 after acquiring an additional 1,472 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in Alerian MLP Index ETNs due January 28, 2044 in the 1st quarter valued at about $2,031,000.

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.