Alerian MLP ETN (NYSEARCA:AMJB) CFO Sells $886,166.64 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 2,892 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $306.42, for a total transaction of $886,166.64. Following the transaction, the chief financial officer owned 23,804 shares of the company’s stock, valued at $7,294,021.68. This trade represents a 10.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jeremy Barnum also recently made the following trade(s):

• On Friday, January 16th, Jeremy Barnum sold 2,893 shares of Alerian MLP ETN stock. The stock was sold at an average price of $312.79, for a total transaction of $904,901.47.

Alerian MLP ETN Stock Performance

Shares of NYSEARCA AMJB opened at $34.19 on Friday. Alerian MLP ETN has a 12-month low of $26.65 and a 12-month high of $34.61. The firm’s 50-day moving average price is $31.54 and its 200-day moving average price is $30.50.

Alerian MLP ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 9th. Stockholders 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 a positive change from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Trading of Alerian MLP ETN

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Alerian MLP ETN by 16.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock worth $70,140,000 after buying an additional 335,000 shares during the period. Nicolet Bankshares Inc. lifted its holdings in shares of 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 acquiring an additional 1,994 shares during the last quarter. Lake Street Private Wealth LLC boosted its stake in shares of Alerian MLP ETN by 31.6% during the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after purchasing an additional 32,075 shares during the period. Wellspring Financial Advisors LLC bought a new position in Alerian MLP ETN during the 2nd quarter valued at about $1,141,000. Finally, 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 purchasing an additional 1,120 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.