Alerian MLP ETN (NYSEARCA:AMJB) CEO James Dimon Sells 69,512 Shares

Alerian MLP ETN (NYSEARCA:AMJB) CEO James Dimon sold 69,512 shares of Alerian MLP ETN stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $307.19, for a total transaction of $21,353,391.28. Following the completion of the transaction, the chief executive officer directly owned 4,209,284 shares of the company’s stock, valued at $1,293,049,951.96. The trade was a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alerian MLP ETN Stock Down 0.7%

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

Alerian MLP ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 1st were given a dividend of $0.5006 per share. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new stake in shares of Alerian MLP ETN during the fourth quarter worth $151,000. MeadowBrook Investment Advisors LLC lifted its stake in shares of Alerian MLP ETN by 23.1% during the second 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 in the last quarter. Wellspring Financial Advisors LLC acquired a new position in Alerian MLP ETN in the second quarter valued at approximately $1,141,000. Lake Street Private Wealth LLC grew 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 worth $3,943,000 after purchasing an additional 32,075 shares in the last quarter. Finally, Nicolet Bankshares Inc. boosted its stake in Alerian MLP ETN by 1.0% during the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after purchasing an additional 1,994 shares in 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.