Insider Selling: JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Insider Sells $1,062,990.72 in Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the sale, the insider now directly owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

JPMorgan Alerian MLP Index ETN Price Performance

Shares of JPMorgan Alerian MLP Index ETN stock opened at $28.30 on Thursday. The stock’s fifty day simple moving average is $28.21 and its 200 day simple moving average is $26.81. JPMorgan Alerian MLP Index ETN has a 12 month low of $21.94 and a 12 month high of $29.16.

JPMorgan Alerian MLP Index ETN Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 29th were paid a $0.4227 dividend. This is an increase from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date was Wednesday, February 28th.

Institutional Trading of JPMorgan Alerian MLP Index ETN

Several hedge funds and other institutional investors have recently modified their holdings of AMJ. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Alerian MLP Index ETN by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 84,328,159 shares of the exchange traded fund’s stock valued at $2,402,509,000 after purchasing an additional 4,496,950 shares during the period. Norden Group LLC raised its stake in shares of JPMorgan Alerian MLP Index ETN by 921.8% in the 1st quarter. Norden Group LLC now owns 401,890 shares of the exchange traded fund’s stock valued at $11,450,000 after purchasing an additional 362,557 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of JPMorgan Alerian MLP Index ETN by 2.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,434,116 shares of the exchange traded fund’s stock valued at $188,529,000 after purchasing an additional 175,050 shares during the period. Virtu Financial LLC acquired a new stake in shares of JPMorgan Alerian MLP Index ETN in the 4th quarter valued at about $3,597,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Alerian MLP Index ETN in the 4th quarter valued at about $2,213,000.

About JPMorgan Alerian MLP Index ETN

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.