Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Sells $2,706,531.49 in Stock

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Douglas B. Petno sold 10,141 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $266.89, for a total transaction of $2,706,531.49. Following the completion of the transaction, the chief executive officer now directly owns 353,655 shares of the company’s stock, valued at $94,386,982.95. This trade represents a 2.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

Shares of NYSEARCA:AMJB opened at $31.12 on Friday. Alerian MLP Index ETNs due January 28, 2044 has a 52 week low of $26.65 and a 52 week high of $33.40. The firm has a 50 day moving average of $30.54 and a 200 day moving average of $30.79.

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. 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.

Hedge Funds Weigh In On Alerian MLP Index ETNs due January 28, 2044

A number of large investors have recently made changes to their positions in AMJB. CIBC Private Wealth Group LLC increased its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 3.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock valued at $101,663,000 after acquiring an additional 109,965 shares during the period. Nicolet Bankshares Inc. increased its position in shares of 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 period. Janney Montgomery Scott LLC increased its position in shares of 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 period. Finally, Crestwood Advisors Group LLC acquired a new position in shares of Alerian MLP Index ETNs due January 28, 2044 in the 1st quarter valued at $2,031,000.

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.