Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum Sells 5,611 Shares

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 5,611 shares of Alerian MLP ETN stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $306.55, for a total transaction of $1,720,052.05. Following the transaction, the chief financial officer directly owned 35,460 shares in the company, valued at approximately $10,870,263. This represents a 13.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Barnum also recently made the following trade(s):

• On Tuesday, February 17th, Jeremy Barnum sold 2,892 shares of Alerian MLP ETN stock. The stock was sold at an average price of $306.42, for a total transaction of $886,166.64.
• On Friday, January 16th, Jeremy Barnum sold 2,893 shares of Alerian MLP ETN stock. The stock was sold at an average price of $312.79, for a total transaction of $904,901.47.

Alerian MLP ETN Price Performance

Alerian MLP ETN stock opened at $33.57 on Thursday. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $35.75. The company’s 50 day moving average price is $34.38 and its two-hundred day moving average price is $31.66.

Alerian MLP ETN Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, March 2nd were issued a $0.506 dividend. This is a boost from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On Alerian MLP ETN

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Alerian MLP ETN by 16.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock worth $70,140,000 after purchasing an additional 335,000 shares during the period. Nicolet Bankshares Inc. raised its holdings in shares of Alerian MLP ETN by 1.0% in the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after purchasing an additional 1,994 shares during the period. Lake Street Private Wealth LLC raised its holdings in shares of Alerian MLP ETN by 31.6% in the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after purchasing an additional 32,075 shares during the period. Finally, Parallel Advisors LLC bought a new stake in shares of Alerian MLP ETN in the 4th quarter worth approximately $151,000.

Alerian MLP ETN 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.