Alerian MLP ETN (NYSEARCA:AMJB) Stock Price Up 0.7% – Here’s What Happened

Alerian MLP ETN (NYSEARCA:AMJB)’s stock price rose 0.7% during trading on Thursday . The company traded as high as $29.94 and last traded at $29.92. Approximately 14,379 shares traded hands during trading, a decline of 72% from the average daily volume of 51,174 shares. The stock had previously closed at $29.72.

Alerian MLP ETN Trading Up 0.7%

The stock’s fifty day moving average price is $30.38 and its 200 day moving average price is $30.44.

Alerian MLP ETN Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 8th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.4889 per share. The ex-dividend date of this dividend was Thursday, August 28th. This is a boost from Alerian MLP ETN’s previous dividend of $0.48.

Institutional Trading of Alerian MLP ETN

A number of institutional investors have recently made changes to their positions in the stock. Crestwood Advisors Group LLC purchased a new stake in shares of Alerian MLP ETN during the 1st quarter valued at about $2,031,000. Wellspring Financial Advisors LLC purchased a new stake in shares of Alerian MLP ETN during the 2nd quarter valued at about $1,141,000. IFP Advisors Inc boosted its holdings in shares of Alerian MLP ETN by 44.1% during the 2nd quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock valued at $1,040,000 after acquiring an additional 10,510 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Alerian MLP ETN 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 acquiring an additional 1,472 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its holdings in shares of Alerian MLP ETN by 23.1% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock valued at $180,000 after acquiring an additional 1,120 shares during 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.