Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum Sells 3,022 Shares

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at $10,036,641.58. This represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Barnum also recently made the following trade(s):

• On Wednesday, April 15th, Jeremy Barnum sold 5,611 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.55, for a total value of $1,720,052.05.
• On Tuesday, February 17th, Jeremy Barnum sold 2,892 shares of Alerian MLP ETN stock. The shares were sold at an average price of $306.42, for a total value of $886,166.64.

Alerian MLP ETN Trading Down 0.0%

NYSEARCA:AMJB traded down $0.01 during midday trading on Tuesday, reaching $35.90. 15,715 shares of the company traded hands, compared to its average volume of 49,346. Alerian MLP ETN has a twelve month low of $28.00 and a twelve month high of $36.14. The company has a fifty day moving average price of $34.49 and a 200 day moving average price of $32.09.

Alerian MLP ETN Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMJB. Parallel Advisors LLC acquired a new position in Alerian MLP ETN during the 4th quarter valued at approximately $151,000. Lake Street Private Wealth LLC boosted its position in 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 acquiring an additional 32,075 shares during the period. Nicolet Bankshares Inc. boosted its position in 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 acquiring an additional 1,994 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $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.