Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Marianne Lake Sells 4,233 Shares

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) CEO Marianne Lake sold 4,233 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $254.00, for a total transaction of $1,075,182.00. Following the completion of the sale, the chief executive officer now owns 118,507 shares of the company’s stock, valued at $30,100,778. This trade represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

Shares of NYSEARCA AMJB opened at $32.12 on Friday. The firm has a 50-day simple moving average of $30.21 and a 200-day simple moving average of $29.18. Alerian MLP Index ETNs due January 28, 2044 has a 52 week low of $25.84 and a 52 week high of $32.12.

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 given a dividend of $0.4502 per share. This is a boost from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44. The ex-dividend date was Friday, November 29th.

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 increased its position in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,423 shares of the company’s stock after purchasing 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 quarter.

About Alerian MLP Index ETNs due January 28, 2044

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.