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 on Wednesday . The company traded as high as $32.70 and last traded at $32.62, with a volume of 39881 shares trading hands. The stock had previously closed at $32.12.

Alerian MLP Index ETNs due January 28, 2044 Stock Up 1.6 %

The firm’s 50 day moving average is $30.27 and its 200 day moving average is $29.20.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

In other news, CEO Marianne Lake sold 4,233 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $254.00, for a total transaction of $1,075,182.00. Following the sale, the chief executive officer now owns 118,507 shares of the company’s stock, valued at approximately $30,100,778. The trade was a 3.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 7,122 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $1,808,560.68. Following the transaction, the insider now owns 219,388 shares in the company, valued at $55,711,388.72. This represents a 3.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,658 shares of company stock worth $3,722,507.

Hedge Funds Weigh In On Alerian MLP Index ETNs due January 28, 2044

An institutional investor recently raised its position in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC grew its position in 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 fund owned 8,423 shares of the company’s stock after buying 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 as of its most recent SEC filing.

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.