Ashley Bacon Sells 7,364 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) insider Ashley Bacon sold 7,364 shares of Alerian MLP ETN stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $2,303,385.56. Following the transaction, the insider owned 237,157 shares of the company’s stock, valued at $74,180,338.03. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Alerian MLP ETN Price Performance

Shares of AMJB opened at $31.79 on Friday. The business’s 50 day moving average price is $30.32 and its 200-day moving average price is $30.09. Alerian MLP ETN has a 52 week low of $26.65 and a 52 week high of $33.40.

Alerian MLP ETN Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, December 1st were issued a $0.5006 dividend. This is a positive change from Alerian MLP ETN’s previous dividend of $0.49. The ex-dividend date of this dividend was Monday, December 1st.

Hedge Funds Weigh In On Alerian MLP ETN

Large investors have recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC boosted its stake in Alerian MLP ETN by 23.1% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock worth $180,000 after purchasing an additional 1,120 shares in the last quarter. IFP Advisors Inc increased its stake in 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 purchasing an additional 10,510 shares in the last quarter. Wellspring Financial Advisors LLC purchased a new position in Alerian MLP ETN in the second quarter worth about $1,141,000. Lake Street Private Wealth LLC lifted its stake in shares of Alerian MLP ETN by 31.6% in the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after buying an additional 32,075 shares in the last quarter. Finally, Nicolet Bankshares Inc. grew its holdings in shares of Alerian MLP ETN by 1.0% during the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after buying an additional 1,994 shares during the last quarter.

About Alerian MLP ETN

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.