JPMorgan Chase & Co. Acquires 130,000 Shares of Alerian MLP ETN $AMJB

JPMorgan Chase & Co. boosted its holdings in shares of Alerian MLP ETN (NYSEARCA:AMJB) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,010,023 shares of the company’s stock after purchasing an additional 130,000 shares during the quarter. JPMorgan Chase & Co. owned about 0.50% of Alerian MLP ETN worth $59,336,000 at the end of the most recent quarter.

Separately, MeadowBrook Investment Advisors LLC lifted its holdings 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 buying an additional 1,120 shares during the last quarter.

Insider Buying and Selling

In other news, CEO James Dimon sold 69,512 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 4,209,284 shares in the company, valued at approximately $1,293,049,951.96. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Barnum sold 2,892 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $306.42, for a total transaction of $886,166.64. Following the transaction, the chief financial officer directly owned 23,804 shares of the company’s stock, valued at $7,294,021.68. This represents a 10.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 159,935 shares of company stock worth $49,273,600.

Alerian MLP ETN Price Performance

AMJB opened at $34.05 on Thursday. The business has a 50 day moving average of $31.88 and a 200-day moving average of $30.60. Alerian MLP ETN has a 1-year low of $26.65 and a 1-year high of $34.70.

Alerian MLP ETN Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd will be issued a $0.506 dividend. This is a boost from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date of this dividend is Monday, March 2nd.

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.