Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Hits New 1-Year High – Here’s What Happened

Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) reached a new 52-week high on Tuesday . The company traded as high as $33.20 and last traded at $33.15, with a volume of 5033 shares trading hands. The stock had previously closed at $32.69.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The stock has a 50 day simple moving average of $31.12 and a 200-day simple moving average of $29.71.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a $0.4502 dividend. 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 Activity at Alerian MLP Index ETNs due January 28, 2044

In other Alerian MLP Index ETNs due January 28, 2044 news, insider Lori A. Beer sold 2,053 shares of the stock in a transaction 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 sale, the insider now directly owns 52,534 shares in the company, valued at approximately $14,177,875.92. This trade represents a 3.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction 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 sale, the general counsel now directly owns 47,620 shares of the company’s stock, 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 ninety days, insiders have sold 58,484 shares of company stock valued at $15,548,639.

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

A number of hedge funds have recently added to or reduced their stakes in AMJB. MeadowBrook Investment Advisors LLC lifted its stake in shares of 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 worth $240,000 after purchasing an additional 5,188 shares during the period. Nicolet Bankshares Inc. raised its position in 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 acquiring an additional 3,102 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Alerian MLP Index ETNs due January 28, 2044 by 3.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock worth $101,663,000 after acquiring an additional 109,965 shares during the last quarter.

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.