James Dimon Sells 69,512 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO James Dimon sold 69,512 shares of Alerian MLP ETN stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $307.19, for a total transaction of $21,353,391.28. Following the transaction, the chief executive officer owned 4,209,284 shares of the company’s stock, valued at $1,293,049,951.96. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Alerian MLP ETN Stock Up 1.3%

AMJB opened at $34.64 on Friday. The stock has a 50-day moving average price of $31.63 and a 200-day moving average price of $30.53. Alerian MLP ETN has a 1 year low of $26.65 and a 1 year high of $34.64.

Alerian MLP ETN Increases Dividend

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

Institutional Trading of Alerian MLP ETN

Several large investors have recently modified their holdings of AMJB. Parallel Advisors LLC purchased a new stake in shares of Alerian MLP ETN in the 4th quarter worth $151,000. MeadowBrook Investment Advisors LLC increased its position in 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 buying an additional 1,120 shares in the last quarter. Wellspring Financial Advisors LLC purchased a new stake in Alerian MLP ETN in the second quarter worth about $1,141,000. Lake Street Private Wealth LLC raised its stake in shares of 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 worth $3,943,000 after buying an additional 32,075 shares during the period. Finally, Nicolet Bankshares Inc. lifted its position 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 valued at $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.