Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Reaches New 52-Week High – What’s Next?

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.70 and last traded at $32.62, with a volume of 39881 shares changing hands. The stock had previously closed at $32.12.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

The business has a 50-day simple moving average of $30.27 and a 200 day simple moving average of $29.20.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Insider Buying and Selling at Alerian MLP Index ETNs due January 28, 2044

In related news, CEO Marianne Lake sold 4,233 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $254.00, for a total transaction of $1,075,182.00. Following the completion of the sale, the chief executive officer now owns 118,507 shares in the company, valued at approximately $30,100,778. This trade represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s 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 directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,658 shares of company stock valued at $3,722,507 over the last 90 days.

Institutional Investors Weigh In On 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 boosted its stake in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,423 shares of the company’s stock after acquiring an additional 5,188 shares during the period. 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 quarter.

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.