Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Strong Trading Volume – Here’s What Happened

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) shares saw unusually-strong trading volume on Wednesday . Approximately 197,308 shares were traded during mid-day trading, an increase of 183% from the previous session’s volume of 69,719 shares.The stock last traded at $31.80 and had previously closed at $31.55.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The stock’s 50 day simple moving average is $31.88 and its 200 day simple moving average is $30.11.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd were given a dividend of $0.4752 per share. The ex-dividend date was Monday, March 3rd. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.45.

Insiders Place Their Bets

In other news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lori A. Beer sold 2,053 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.88, for a total transaction of $554,063.64. Following the completion of the sale, the insider now directly owns 52,534 shares in the company, valued at $14,177,875.92. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,484 shares of company stock valued at $15,548,639.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC raised its stake in Alerian MLP Index ETNs due January 28, 2044 by 160.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 8,423 shares of the company’s stock valued at $240,000 after acquiring an additional 5,188 shares during the period. Nicolet Bankshares Inc. increased its stake in shares of Alerian MLP Index ETNs due January 28, 2044 by 1.5% in the fourth quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock worth $6,050,000 after purchasing an additional 3,102 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Alerian MLP Index ETNs due January 28, 2044 by 3.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock valued at $101,663,000 after purchasing an additional 109,965 shares during the 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.