Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sets New 12-Month High – Should You Buy?

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $32.70 and last traded at $32.62, with a volume of 39881 shares. The stock had previously closed at $32.12.

Alerian MLP Index ETNs due January 28, 2044 Stock Up 0.2 %

The stock’s fifty day simple moving average is $30.40 and its 200-day simple moving average is $29.25.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 7,122 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $1,808,560.68. Following the sale, the insider now directly owns 219,388 shares of the company’s stock, valued at approximately $55,711,388.72. This trade represents a 3.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,658 shares of company stock valued at $3,722,507 over the last 90 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC grew its stake in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,423 shares of the company’s stock after buying an additional 5,188 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $240,000 as of its most recent SEC filing.

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.