Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman Sells 3,404 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 3,404 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $306.40, for a total transaction of $1,042,985.60. Following the sale, the general counsel directly owned 61,949 shares of the company’s stock, valued at approximately $18,981,173.60. This represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Stacey Friedman also recently made the following trade(s):

• On Friday, January 16th, Stacey Friedman sold 3,404 shares of Alerian MLP ETN stock. The stock was sold at an average price of $312.80, for a total transaction of $1,064,771.20.

Alerian MLP ETN Stock Down 0.6%

NYSEARCA:AMJB opened at $34.13 on Wednesday. The stock has a 50 day moving average of $31.38 and a 200-day moving average of $30.44. Alerian MLP ETN has a 52 week low of $26.65 and a 52 week high of $34.34.

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 $0.5006 dividend. 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.

Hedge Funds Weigh In On Alerian MLP ETN

Several institutional investors have recently modified their holdings of AMJB. Parallel Advisors LLC acquired a new stake in shares of Alerian MLP ETN in the 4th quarter worth about $151,000. MeadowBrook Investment Advisors LLC grew its position in Alerian MLP ETN by 23.1% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock worth $180,000 after purchasing an additional 1,120 shares during the last quarter. Wellspring Financial Advisors LLC acquired a new stake in shares of Alerian MLP ETN in the second quarter valued at approximately $1,141,000. Lake Street Private Wealth LLC increased 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 valued at $3,943,000 after purchasing an additional 32,075 shares during the period. Finally, Nicolet Bankshares Inc. raised its holdings in shares of Alerian MLP ETN by 1.0% during the third 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 last quarter.

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.