Alerian MLP ETN (NYSEARCA:AMJB) Trading Up 0% – What’s Next?

Shares of Alerian MLP ETN (NYSEARCA:AMJB) were up 0% during mid-day trading on Wednesday . The company traded as high as $30.21 and last traded at $30.05. Approximately 37,692 shares traded hands during trading, a decline of 26% from the average daily volume of 50,849 shares. The stock had previously closed at $30.04.

Alerian MLP ETN Stock Up 0.0%

The company has a 50 day simple moving average of $29.92 and a 200-day simple moving average of $30.09.

Alerian MLP ETN Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were given a $0.5006 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is a boost from Alerian MLP ETN’s previous dividend of $0.49.

Insiders Place Their Bets

In other Alerian MLP ETN news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares of the company’s stock, valued at $18,240,769.68. This represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of Alerian MLP ETN

Institutional investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC boosted its holdings in Alerian MLP ETN by 23.1% during the second quarter. MeadowBrook Investment Advisors LLC now owns 5,960 shares of the company’s stock worth $180,000 after purchasing an additional 1,120 shares during the last quarter. Nicolet Bankshares Inc. increased its stake in Alerian MLP ETN by 1.0% in the 3rd 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 during the last quarter. IFP Advisors Inc lifted its position in Alerian MLP ETN by 44.1% during the 2nd quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock worth $1,040,000 after buying an additional 10,510 shares in the last quarter. Lake Street Private Wealth LLC boosted its stake in shares of 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 buying an additional 32,075 shares during the last quarter. Finally, Wellspring Financial Advisors LLC acquired a new position in shares of Alerian MLP ETN during the 2nd quarter worth about $1,141,000.

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.