Alerian MLP ETN (NYSEARCA:AMJB) COO Sells $1,522,036.98 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) COO Jennifer Piepszak sold 4,919 shares of Alerian MLP ETN stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer directly owned 85,082 shares in the company, valued at $26,326,072.44. This trade represents a 5.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Jennifer Piepszak sold 9,136 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.56, for a total value of $2,800,732.16.

Alerian MLP ETN Stock Performance

NYSEARCA:AMJB traded down $0.01 during trading hours on Tuesday, reaching $35.90. The stock had a trading volume of 15,715 shares, compared to its average volume of 49,346. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $36.14. The company has a 50 day moving average price of $34.49 and a two-hundred day moving average price of $32.09.

Alerian MLP ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, March 2nd were issued a dividend of $0.506 per share. The ex-dividend date was Monday, March 2nd. This is an increase from Alerian MLP ETN’s previous dividend of $0.50.

Institutional Investors Weigh In On Alerian MLP ETN

Several hedge funds have recently made changes to their positions in AMJB. JPMorgan Chase & Co. raised its position 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 acquiring an additional 335,000 shares in the last quarter. Parallel Advisors LLC purchased a new position in Alerian MLP ETN during the fourth quarter worth approximately $151,000. Nicolet Bankshares Inc. boosted its position in Alerian MLP ETN by 1.0% during the third 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 in the last quarter. Finally, Lake Street Private Wealth LLC boosted its position in Alerian MLP ETN by 31.6% during the third 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 in the last quarter.

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.