Alerian MLP ETN (NYSEARCA:AMJB) Insider Robin Leopold Sells 2,500 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robin Leopold also recently made the following trade(s):

• On Tuesday, August 11th, Robin Leopold sold 2,500 shares of Alerian MLP ETN stock. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00.

Alerian MLP ETN Stock Performance

Shares of Alerian MLP ETN stock opened at $37.77 on Friday. The company’s 50 day moving average price is $36.88 and its two-hundred day moving average price is $35.57. Alerian MLP ETN has a fifty-two week low of $28.00 and a fifty-two week high of $38.55.

Alerian MLP ETN Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th were paid a $0.4957 dividend. The ex-dividend date was Friday, August 28th.

Institutional Investors Weigh In On Alerian MLP ETN

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in Alerian MLP ETN by 236.2% in the second quarter. NewEdge Advisors LLC now owns 20,355 shares of the company’s stock valued at $702,000 after purchasing an additional 14,300 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Alerian MLP ETN by 1.4% during the second quarter. Baird Financial Group Inc. now owns 271,646 shares of the company’s stock worth $9,369,000 after purchasing an additional 3,774 shares during the last quarter. Smallwood Wealth Investment Management LLC grew its holdings in shares of Alerian MLP ETN by 1.5% during the second quarter. Smallwood Wealth Investment Management LLC now owns 93,326 shares of the company’s stock worth $3,219,000 after purchasing an additional 1,424 shares during the last quarter. RPg Family Wealth Advisory LLC increased its stake in shares of Alerian MLP ETN by 37.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock valued at $5,713,000 after buying an additional 45,061 shares during the period. Finally, Risk Paradigm Group LLC increased its stake in shares of Alerian MLP ETN by 34.1% in the second quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock valued at $5,186,000 after buying an additional 38,210 shares during the period.

About Alerian MLP ETN

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.