Mary Erdoes Sells 5,732 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 5,732 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.78, for a total transaction of $1,792,854.96. Following the completion of the transaction, the chief executive officer directly owned 619,136 shares of the company’s stock, valued at $193,653,358.08. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Alerian MLP ETN Price Performance

Shares of NYSEARCA:AMJB opened at $31.79 on Friday. The company’s fifty day moving average is $30.32 and its two-hundred day moving average is $30.09. Alerian MLP ETN has a 12-month low of $26.65 and a 12-month high of $33.40.

Alerian MLP ETN Increases Dividend

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

Hedge Funds Weigh In On Alerian MLP ETN

Large investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC lifted its position in shares of Alerian MLP ETN by 23.1% in the second 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 grew 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 valued at $1,040,000 after purchasing an additional 10,510 shares in the last quarter. Wellspring Financial Advisors LLC acquired a new position in Alerian MLP ETN in the 2nd quarter valued at approximately $1,141,000. Lake Street Private Wealth LLC lifted its position in Alerian MLP ETN by 31.6% in the 3rd 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. lifted its position in Alerian MLP ETN by 1.0% in the 3rd 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.

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.