IFP Advisors Inc Raises Holdings in Alerian MLP ETN $AMJB

IFP Advisors Inc grew its position in Alerian MLP ETN (NYSEARCA:AMJB) by 44.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,363 shares of the company’s stock after acquiring an additional 10,510 shares during the period. IFP Advisors Inc owned about 0.86% of Alerian MLP ETN worth $1,040,000 at the end of the most recent quarter.

Separately, Janney Montgomery Scott LLC grew its holdings in Alerian MLP ETN 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 buying an additional 1,472 shares in the last quarter.

Alerian MLP ETN Trading Down 1.8%

NYSEARCA AMJB opened at $28.04 on Monday. Alerian MLP ETN has a twelve month low of $26.65 and a twelve month high of $33.40. The stock has a fifty day simple moving average of $30.06 and a 200-day simple moving average of $30.17.

Alerian MLP ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 28th were issued a $0.4889 dividend. This is a positive change from Alerian MLP ETN’s previous dividend of $0.48. The ex-dividend date of this dividend was Thursday, August 28th.

Alerian MLP ETN 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.