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

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

Alerian MLP ETN Stock Down 0.7%

NYSEARCA AMJB traded down $0.25 during trading hours on Thursday, hitting $34.19. 30,428 shares of the company’s stock traded hands, compared to its average volume of 41,907. Alerian MLP ETN has a 52-week low of $26.65 and a 52-week high of $34.61. The firm’s 50-day moving average is $31.46 and its 200-day moving average is $30.47.

Alerian MLP ETN Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were issued 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.

Institutional Trading of Alerian MLP ETN

Several hedge funds have recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC increased its holdings in shares of 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 buying an additional 1,120 shares during the last quarter. Wellspring Financial Advisors LLC purchased a new stake in Alerian MLP ETN in the second quarter valued at $1,141,000. JPMorgan Chase & Co. lifted its stake in shares of Alerian MLP ETN by 6.9% in 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. Lake Street Private Wealth LLC grew its holdings 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 period. Finally, Nicolet Bankshares Inc. increased its position in shares of Alerian MLP ETN by 1.0% during 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 during the last quarter.

Alerian MLP ETN Company Profile

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.