Stacey Friedman Sells 3,404 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 3,404 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.80, for a total value of $1,064,771.20. Following the sale, the general counsel owned 65,353 shares of the company’s stock, valued at $20,442,418.40. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alerian MLP ETN Price Performance

Shares of 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 business’s 50 day moving average is $30.32 and its 200 day moving average is $30.09.

Alerian MLP ETN Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMJB. Wellspring Financial Advisors LLC bought a new stake in shares of Alerian MLP ETN in the second quarter worth about $1,141,000. MeadowBrook Investment Advisors LLC grew its holdings in 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 buying an additional 1,120 shares in the last quarter. IFP Advisors Inc increased its stake in Alerian MLP ETN by 44.1% in the 2nd quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock worth $1,040,000 after acquiring an additional 10,510 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Alerian MLP ETN by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Nicolet Bankshares Inc. raised its holdings in shares of Alerian MLP ETN by 1.0% during the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after acquiring 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.