Troy Rohrbaugh Sells 50,000 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Troy Rohrbaugh sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $307.11, for a total value of $15,355,500.00. Following the completion of the sale, the chief executive officer directly owned 111,279 shares of the company’s stock, valued at approximately $34,174,893.69. This represents a 31.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Alerian MLP ETN Stock Performance

AMJB opened at $34.64 on Friday. Alerian MLP ETN has a 52-week low of $26.65 and a 52-week high of $34.64. The firm’s 50-day moving average price is $31.63 and its 200-day moving average price is $30.53.

Alerian MLP ETN Increases Dividend

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

Institutional Investors Weigh In On Alerian MLP ETN

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wellspring Financial Advisors LLC acquired a new position in shares of Alerian MLP ETN in the 2nd quarter valued at $1,141,000. MeadowBrook Investment Advisors LLC lifted its position 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 worth $180,000 after acquiring an additional 1,120 shares during the period. JPMorgan Chase & Co. grew its stake in Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock valued at $59,336,000 after purchasing an additional 130,000 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Alerian MLP ETN in the fourth quarter valued at about $151,000. Finally, Nicolet Bankshares Inc. increased its holdings in shares of Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after purchasing an additional 1,994 shares during the period.

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.