MeadowBrook Investment Advisors LLC Decreases Stock Holdings in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB)

MeadowBrook Investment Advisors LLC decreased its position in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 24.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,358 shares of the company’s stock after selling 2,065 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $188,000 at the end of the most recent quarter.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 7,122 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 $1,808,560.68. Following the sale, the insider now owns 219,388 shares in the company, valued at $55,711,388.72. The trade was a 3.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,658 shares of company stock valued at $3,722,507 over the last three months.

Alerian MLP Index ETNs due January 28, 2044 Trading Down 1.2 %

Shares of NYSEARCA AMJB opened at $32.33 on Wednesday. Alerian MLP Index ETNs due January 28, 2044 has a 1 year low of $25.84 and a 1 year high of $33.17. The company’s 50-day moving average is $30.83 and its 200 day moving average is $29.52.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were paid a $0.4502 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44.

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.