Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Sells $1,042,985.60 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 3,404 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $306.40, for a total transaction of $1,042,985.60. Following the completion of the sale, the general counsel directly owned 61,949 shares in the company, valued at approximately $18,981,173.60. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stacey Friedman also recently made the following trade(s):

• On Friday, January 16th, Stacey Friedman sold 3,404 shares of Alerian MLP ETN stock. The shares were sold at an average price of $312.80, for a total transaction of $1,064,771.20.

Alerian MLP ETN Stock Performance

AMJB opened at $34.19 on Friday. Alerian MLP ETN has a one year low of $26.65 and a one year high of $34.61. The company has a fifty day moving average price of $31.54 and a 200-day moving average price of $30.50.

Alerian MLP ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were given a $0.5006 dividend. This is a positive change 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

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new stake in Alerian MLP ETN in the 4th quarter worth approximately $151,000. MeadowBrook Investment Advisors LLC lifted its holdings in shares of 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 acquiring an additional 1,120 shares during the last quarter. Wellspring Financial Advisors LLC purchased a new stake in Alerian MLP ETN during the second quarter valued at about $1,141,000. Lake Street Private Wealth LLC grew its stake in shares of Alerian MLP ETN by 31.6% during the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock valued at $3,943,000 after buying an additional 32,075 shares during the last quarter. Finally, Nicolet Bankshares Inc. grew its stake 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.

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.