Alerian MLP ETN (NYSEARCA:AMJB) CEO Sells $1,756,035.71 in Stock

Alerian MLP ETN (NYSEARCA:AMJB) CEO Mary Erdoes sold 5,731 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $306.41, for a total value of $1,756,035.71. Following the transaction, the chief executive officer directly owned 613,405 shares of the company’s stock, valued at $187,953,426.05. This represents a 0.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alerian MLP ETN Trading Down 0.7%

Shares of Alerian MLP ETN stock opened at $34.19 on Friday. Alerian MLP ETN has a 52 week low of $26.65 and a 52 week high of $34.61. The company’s 50-day moving average price is $31.54 and its two-hundred day moving average price is $30.50.

Alerian MLP ETN Increases Dividend

The firm 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. This is a boost from Alerian MLP ETN’s previous dividend of $0.49. The ex-dividend date of this dividend was Monday, December 1st.

Institutional Investors Weigh In On Alerian MLP ETN

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Alerian MLP ETN by 16.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,345,023 shares of the company’s stock worth $70,140,000 after acquiring an additional 335,000 shares in the last quarter. Parallel Advisors LLC purchased a new position in Alerian MLP ETN in the 4th quarter worth about $151,000. Nicolet Bankshares Inc. increased its stake in 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 purchasing an additional 1,994 shares in the last quarter. Lake Street Private Wealth LLC increased its stake in Alerian MLP ETN by 31.6% in 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 in the last quarter. Finally, Wellspring Financial Advisors LLC acquired a new stake in Alerian MLP ETN during the 2nd quarter worth about $1,141,000.

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.