Ashley Bacon Sells 7,122 Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Stock

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) insider Ashley Bacon sold 7,122 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $1,808,560.68. Following the transaction, the insider now directly owns 219,388 shares of the company’s stock, valued at $55,711,388.72. This represents a 3.14 % 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 hyperlink.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

NYSEARCA AMJB traded up $0.61 on Thursday, hitting $32.06. 60,269 shares of the stock traded hands, compared to its average volume of 59,397. The business’s fifty day moving average is $30.09 and its two-hundred day moving average is $29.14. Alerian MLP Index ETNs due January 28, 2044 has a 12 month low of $25.84 and a 12 month high of $32.06.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a $0.4502 dividend. The ex-dividend date was Friday, November 29th. This is a positive change from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44.

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

A hedge fund recently raised its stake in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC lifted its stake in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,423 shares of the company’s stock after acquiring an additional 5,188 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $240,000 at the end of the most recent reporting period.

Alerian MLP Index ETNs due January 28, 2044 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.