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 reached a new 52-week high on Wednesday . The company traded as high as $32.70 and last traded at $32.62, with a volume of 39881 shares trading hands. The stock had previously closed at $32.12.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The firm’s 50-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 announced a dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a dividend of $0.4502 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44.

Insider Buying and Selling at Alerian MLP Index ETNs due January 28, 2044

In other Alerian MLP Index ETNs due January 28, 2044 news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction 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 sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashley Bacon sold 7,122 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 219,388 shares in the company, valued at $55,711,388.72. This represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,658 shares of company stock worth $3,722,507 over the last ninety days.

Hedge Funds 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 boosted its position in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,423 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.

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.