Insider Selling: Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) COO Sells $1,536,908.04 in Stock

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the transaction, the chief operating officer now directly owns 68,583 shares of the company’s stock, valued at approximately $17,197,873.08. The trade was a 8.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jennifer Piepszak also recently made the following trade(s):

• On Monday, March 24th, Jennifer Piepszak sold 4,272 shares of Alerian MLP Index ETNs due January 28, 2044 stock. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16.
• On Thursday, February 20th, Jennifer Piepszak sold 4,273 shares of Alerian MLP Index ETNs due January 28, 2044 stock. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05.

Alerian MLP Index ETNs due January 28, 2044 Trading Up 0.9 %

AMJB stock opened at $29.75 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 company has a fifty day simple moving average of $30.58 and a two-hundred day simple moving average of $30.69.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 13.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,507 shares of the company’s stock valued at $406,000 after purchasing an additional 1,472 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in Alerian MLP Index ETNs due January 28, 2044 in the first quarter worth $2,031,000. Nicolet Bankshares Inc. increased its position in Alerian MLP Index ETNs due January 28, 2044 by 1.5% during the fourth 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. Finally, CIBC Private Wealth Group LLC raised its stake in shares of 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 acquiring an additional 109,965 shares during the period.

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.