Alerian MLP ETN (NYSEARCA:AMJB) Insider Robin Leopold Sells 433 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) insider Robin Leopold sold 433 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $295.06, for a total transaction of $127,760.98. Following the sale, the insider owned 64,920 shares of the company’s stock, valued at approximately $19,155,295.20. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Robin Leopold also recently made the following trade(s):

• On Thursday, February 19th, Robin Leopold sold 432 shares of Alerian MLP ETN stock. The shares were sold at an average price of $307.14, for a total transaction of $132,684.48.

Alerian MLP ETN Price Performance

Alerian MLP ETN stock opened at $35.10 on Tuesday. The firm has a 50 day simple moving average of $33.51 and a 200-day simple moving average of $31.10. Alerian MLP ETN has a 1-year low of $26.65 and a 1-year high of $35.17.

Alerian MLP ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, March 2nd were given a $0.506 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from Alerian MLP ETN’s previous dividend of $0.50.

Institutional Investors Weigh In On Alerian MLP ETN

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellspring Financial Advisors LLC acquired a new position in shares of Alerian MLP ETN in the 2nd quarter valued at $1,141,000. JPMorgan Chase & Co. increased its position in shares of Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after purchasing an additional 130,000 shares during the last quarter. Lake Street Private Wealth LLC increased its position 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 last quarter. Nicolet Bankshares Inc. raised its holdings in Alerian MLP ETN by 1.0% in 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 during the period. Finally, Parallel Advisors LLC purchased a new stake in Alerian MLP ETN in the 4th quarter valued at about $151,000.

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.