Alerian MLP ETN (NYSEARCA:AMJB) Insider Ashley Bacon Sells 4,070 Shares

Alerian MLP ETN (NYSEARCA:AMJB) insider Ashley Bacon sold 4,070 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,259,339.40. Following the sale, the insider directly owned 248,785 shares in the company, valued at approximately $76,979,054.70. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ashley Bacon also recently made the following trade(s):

• On Wednesday, April 15th, Ashley Bacon sold 7,558 shares of Alerian MLP ETN stock. The stock was sold at an average price of $306.55, for a total transaction of $2,316,904.90.

Alerian MLP ETN Stock Down 0.0%

AMJB stock traded down $0.01 during midday trading on Tuesday, reaching $35.90. 15,715 shares of the company were exchanged, compared to its average volume of 49,346. Alerian MLP ETN has a 1-year low of $28.00 and a 1-year high of $36.14. The stock’s 50-day simple moving average is $34.49 and its 200 day simple moving average is $32.09.

Alerian MLP ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.506 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Alerian MLP ETN’s previous dividend of $0.50.

Institutional Trading of Alerian MLP ETN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new stake in Alerian MLP ETN during the fourth quarter worth approximately $151,000. Lake Street Private Wealth LLC raised its holdings in Alerian MLP ETN by 31.6% during 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. Nicolet Bankshares Inc. increased its holdings in shares of Alerian MLP ETN by 1.0% in the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after acquiring an additional 1,994 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 130,000 shares during the period.

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.