Insider Selling: Alerian MLP ETN (NYSEARCA:AMJB) Insider Sells $1,259,339.40 in Stock
by Jessica Moore · The Cerbat GemAlerian MLP ETN (NYSEARCA:AMJB – Get Free Report) insider Ashley Bacon sold 4,070 shares of Alerian MLP ETN stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,259,339.40. Following the completion of the transaction, the insider directly owned 248,785 shares in the company, valued at $76,979,054.70. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $306.55, for a total transaction of $2,316,904.90.
Alerian MLP ETN Stock Performance
Shares of Alerian MLP ETN stock opened at $35.60 on Friday. Alerian MLP ETN has a fifty-two week low of $28.00 and a fifty-two week high of $36.14. The company’s 50 day moving average price is $34.56 and its two-hundred day moving average price is $32.23.
Alerian MLP ETN Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were given a $0.506 dividend. This is an increase from Alerian MLP ETN’s previous dividend of $0.50. The ex-dividend date was Monday, March 2nd.
Institutional Trading of Alerian MLP ETN
A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in Alerian MLP ETN by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock valued at $217,000 after buying an additional 1,220 shares in the last quarter. Nicolet Bankshares Inc. boosted its position in Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after buying an additional 1,994 shares in the last quarter. Lake Street Private Wealth LLC boosted its position in Alerian MLP ETN by 31.6% in the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock valued at $3,943,000 after buying an additional 32,075 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Alerian MLP ETN by 6.9% in the third 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 in the last quarter.
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.