Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman Sells 5,467 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) General Counsel Stacey Friedman sold 5,467 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares in the company, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Stacey Friedman sold 5,468 shares of Alerian MLP ETN stock. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36.

Alerian MLP ETN Trading Down 1.5%

NYSEARCA AMJB opened at $33.47 on Tuesday. The stock has a 50-day simple moving average of $35.12 and a two-hundred day simple moving average of $33.50. Alerian MLP ETN has a fifty-two week low of $28.00 and a fifty-two week high of $37.54.

Alerian MLP ETN Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were issued a dividend of $0.5079 per share. This is a positive change from Alerian MLP ETN’s previous dividend of $0.51. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in shares of Alerian MLP ETN by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,280 shares of the company’s stock worth $217,000 after purchasing an additional 1,220 shares during the period. Nicolet Bankshares Inc. lifted its stake in shares of 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 purchasing an additional 1,994 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Alerian MLP ETN in the 1st quarter valued at $209,000. Lake Street Private Wealth LLC lifted its stake in shares of Alerian MLP ETN by 31.6% in the 3rd quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock valued at $3,943,000 after purchasing an additional 32,075 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Alerian MLP ETN by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after buying an additional 130,000 shares in the last quarter.

Alerian MLP ETN 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.