Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Unusually-High Trading Volume – What’s Next?

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) shares saw an uptick in trading volume on Friday . 96,669 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 58,521 shares.The stock last traded at $32.05 and had previously closed at $32.06.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The business’s fifty day moving average price is $30.09 and its 200 day moving average price is $29.14.

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

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 7,122 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $1,808,560.68. Following the completion of the sale, the insider now directly owns 219,388 shares in the company, valued at $55,711,388.72. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,658 shares of company stock worth $3,722,507.

Institutional Trading of 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 grew its stake in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Alerian MLP Index ETNs due January 28, 2044 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.