Jennifer Piepszak Sells 8,571 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) COO Jennifer Piepszak sold 8,571 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the transaction, the chief operating officer directly owned 71,027 shares in the company, valued at approximately $22,216,535.33. This represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Alerian MLP ETN Price Performance

NYSEARCA AMJB opened at $31.79 on Friday. Alerian MLP ETN has a 12-month low of $26.65 and a 12-month high of $33.40. The firm has a 50-day moving average price of $30.32 and a two-hundred day moving average price of $30.09.

Alerian MLP ETN Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were paid a $0.5006 dividend. This is an increase from Alerian MLP ETN’s previous dividend of $0.49. The ex-dividend date was Monday, December 1st.

Hedge Funds Weigh In On Alerian MLP ETN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after acquiring an additional 130,000 shares during the period. Wellspring Financial Advisors LLC acquired a new position in Alerian MLP ETN in the second quarter valued at about $1,141,000. Lake Street Private Wealth LLC raised its stake in 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 valued at $3,943,000 after purchasing an additional 32,075 shares in the last quarter. IFP Advisors Inc lifted its position in Alerian MLP ETN by 44.1% during the second quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock worth $1,040,000 after purchasing an additional 10,510 shares during the period. Finally, Nicolet Bankshares Inc. grew its stake 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 buying an additional 1,994 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.