Stacey Friedman Sells 3,404 Shares of Alerian MLP ETN (NYSEARCA:AMJB) Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 3,404 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $306.40, for a total transaction of $1,042,985.60. Following the transaction, the general counsel owned 61,949 shares of the company’s stock, valued at $18,981,173.60. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stacey Friedman also recently made the following trade(s):

• On Friday, January 16th, Stacey Friedman sold 3,404 shares of Alerian MLP ETN stock. The stock was sold at an average price of $312.80, for a total value of $1,064,771.20.

Alerian MLP ETN Price Performance

NYSEARCA:AMJB opened at $34.44 on Thursday. The stock has a fifty day moving average of $31.46 and a 200 day moving average of $30.47. Alerian MLP ETN has a 52-week low of $26.65 and a 52-week high of $34.61.

Alerian MLP ETN Increases Dividend

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

Hedge Funds Weigh In On Alerian MLP ETN

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC purchased a new position in Alerian MLP ETN in the fourth quarter worth $151,000. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Alerian MLP ETN by 23.1% in the 2nd 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 in the last quarter. Wellspring Financial Advisors LLC bought a new position in shares of Alerian MLP ETN during the 2nd quarter valued at about $1,141,000. Lake Street Private Wealth LLC raised its holdings 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 valued at $3,943,000 after buying an additional 32,075 shares in the last quarter. Finally, Nicolet Bankshares Inc. lifted its position in Alerian MLP ETN by 1.0% in the 3rd quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock worth $5,756,000 after buying an additional 1,994 shares during 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.