Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Insider Sells $1,568,619.57 in Stock

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) insider Lori A. Beer sold 5,873 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction on Friday, May 16th. The shares were sold at an average price of $267.09, for a total value of $1,568,619.57. Following the completion of the sale, the insider now directly owns 56,356 shares of the company’s stock, valued at $15,052,124.04. The trade was a 9.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Alerian MLP Index ETNs due January 28, 2044 Stock Down 0.2%

Shares of NYSEARCA AMJB opened at $31.12 on Monday. Alerian MLP Index ETNs due January 28, 2044 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 $30.54 and a 200-day simple moving average of $30.81.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMJB. CIBC Private Wealth Group LLC grew its stake in Alerian MLP Index ETNs due January 28, 2044 by 3.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock worth $101,663,000 after purchasing an additional 109,965 shares in the last quarter. Nicolet Bankshares Inc. grew its stake in Alerian MLP Index ETNs due January 28, 2044 by 1.5% during the 4th quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock worth $6,050,000 after purchasing an additional 3,102 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in 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 worth $406,000 after purchasing an additional 1,472 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in Alerian MLP Index ETNs due January 28, 2044 during the 1st quarter worth $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.