Insider Selling: JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Insider Sells 21,829 Shares of Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

JPMorgan Alerian MLP Index ETN Price Performance

NYSEARCA AMJ opened at $28.39 on Tuesday. JPMorgan Alerian MLP Index ETN has a twelve month low of $21.85 and a twelve month high of $29.16. The business’s fifty day moving average is $28.05 and its 200 day moving average is $26.54.

JPMorgan Alerian MLP Index ETN Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.4227 per share. This is a positive change from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 28th.

Institutional Investors Weigh In On JPMorgan Alerian MLP Index ETN

A number of institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its position in shares of JPMorgan Alerian MLP Index ETN by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 432,068 shares of the exchange traded fund’s stock worth $10,957,000 after acquiring an additional 8,671 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in JPMorgan Alerian MLP Index ETN by 9.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 126,856 shares of the exchange traded fund’s stock valued at $3,217,000 after buying an additional 11,389 shares during the period. MGO One Seven LLC boosted its holdings in shares of JPMorgan Alerian MLP Index ETN by 3.3% during the 3rd quarter. MGO One Seven LLC now owns 16,307 shares of the exchange traded fund’s stock worth $403,000 after buying an additional 521 shares in the last quarter. Tranquility Partners LLC grew its position in shares of JPMorgan Alerian MLP Index ETN by 5.3% during the 3rd quarter. Tranquility Partners LLC now owns 28,092 shares of the exchange traded fund’s stock worth $694,000 after buying an additional 1,412 shares during the period. Finally, LPL Financial LLC increased its stake in shares of JPMorgan Alerian MLP Index ETN by 0.6% in the 3rd quarter. LPL Financial LLC now owns 829,831 shares of the exchange traded fund’s stock valued at $20,497,000 after acquiring an additional 4,584 shares in the last quarter.

About JPMorgan Alerian MLP Index ETN

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.