Alerian MLP ETN $AMJB Shares Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC lifted its stake in shares of Alerian MLP ETN (NYSEARCA:AMJB) by 31.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,560 shares of the company’s stock after acquiring an additional 32,075 shares during the period. Lake Street Private Wealth LLC’s holdings in Alerian MLP ETN were worth $3,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC increased its position in 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 during the last quarter. Wellspring Financial Advisors LLC acquired a new position in Alerian MLP ETN in the 2nd quarter valued at about $1,141,000. Finally, JPMorgan Chase & Co. grew 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 buying an additional 130,000 shares during the period.

Alerian MLP ETN Stock Down 0.9%

AMJB stock opened at $34.34 on Tuesday. Alerian MLP ETN has a one year low of $26.65 and a one year high of $34.70. The firm’s 50 day moving average price is $31.71 and its 200-day moving average price is $30.55.

Alerian MLP ETN Increases Dividend

The firm 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 an increase from Alerian MLP ETN’s previous dividend of $0.49. The ex-dividend date was Monday, December 1st.

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 7,364 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,303,385.56. Following the completion of the transaction, the insider directly owned 237,157 shares in the company, valued at approximately $74,180,338.03. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Dimon sold 69,512 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $307.19, for a total value of $21,353,391.28. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 159,935 shares of company stock worth $49,273,600.

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.