Alerian MLP ETN $AMJB Stake Trimmed by Waverly Advisors LLC

Waverly Advisors LLC lessened its stake in shares of Alerian MLP ETN (NYSEARCA:AMJB) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,590 shares of the company’s stock after selling 34,153 shares during the period. Waverly Advisors LLC’s holdings in Alerian MLP ETN were worth $11,023,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMJB. Smallwood Wealth Investment Management LLC lifted its stake in Alerian MLP ETN by 1.5% during the second quarter. Smallwood Wealth Investment Management LLC now owns 93,326 shares of the company’s stock valued at $3,219,000 after buying an additional 1,424 shares in the last quarter. RPg Family Wealth Advisory LLC increased its position in shares of Alerian MLP ETN by 37.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 165,639 shares of the company’s stock worth $5,713,000 after acquiring an additional 45,061 shares in the last quarter. Risk Paradigm Group LLC increased its position in shares of Alerian MLP ETN by 34.1% in the second quarter. Risk Paradigm Group LLC now owns 150,358 shares of the company’s stock worth $5,186,000 after acquiring an additional 38,210 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Alerian MLP ETN by 24.1% during the first quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock valued at $217,000 after acquiring an additional 1,220 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Alerian MLP ETN during the first quarter valued at approximately $209,000.

Alerian MLP ETN Stock Performance

Shares of NYSEARCA:AMJB opened at $38.54 on Thursday. Alerian MLP ETN has a 52 week low of $28.00 and a 52 week high of $38.55. The firm has a 50 day simple moving average of $36.82 and a 200 day simple moving average of $35.55.

Alerian MLP ETN Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th were paid a dividend of $0.4957 per share. The ex-dividend date of this dividend was Friday, August 28th.

Insider Buying and Selling at Alerian MLP ETN

In other news, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel owned 40,961 shares in the company, valued at $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the sale, the insider directly owned 73,547 shares of the company’s stock, valued at approximately $26,580,621.27. This trade represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.