JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) CEO Sells $3,078,225.70 in Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) CEO Mary E. Erdoes sold 15,895 shares of JPMorgan Alerian MLP Index ETN stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

JPMorgan Alerian MLP Index ETN Stock Up 0.4 %

JPMorgan Alerian MLP Index ETN stock traded up $0.11 during midday trading on Wednesday, reaching $28.66. 587,412 shares of the company traded hands, compared to its average volume of 534,423. JPMorgan Alerian MLP Index ETN has a 12 month low of $21.85 and a 12 month high of $29.16. The business has a 50 day moving average of $28.06 and a two-hundred day moving average of $26.57.

JPMorgan Alerian MLP Index ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 29th were given a dividend of $0.4227 per share. The ex-dividend date was Wednesday, February 28th. This is a boost from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMJ. CWM LLC raised its position in JPMorgan Alerian MLP Index ETN by 367.4% during the fourth quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,613 shares during the period. MeadowBrook Investment Advisors LLC bought a new stake in JPMorgan Alerian MLP Index ETN in the fourth quarter worth $67,000. Montag A & Associates Inc. raised its stake in shares of JPMorgan Alerian MLP Index ETN by 53.6% in the fourth quarter. Montag A & Associates Inc. now owns 2,866 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 1,000 shares during the period. M&R Capital Management Inc. bought a new stake in shares of JPMorgan Alerian MLP Index ETN in the 4th quarter worth about $76,000. Finally, Sound Income Strategies LLC purchased a new position in shares of JPMorgan Alerian MLP Index ETN during the 4th quarter worth about $88,000.

About JPMorgan Alerian MLP Index ETN

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.