Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Hits New 12-Month 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 Thursday . The company traded as high as $32.06 and last traded at $32.06, with a volume of 60269 shares changing hands. The stock had previously closed at $31.45.

Alerian MLP Index ETNs due January 28, 2044 Stock Up 0.2 %

The firm has a fifty day moving average price of $30.21 and a 200 day moving average price of $29.18.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid a $0.4502 dividend. The ex-dividend date 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

In related news, insider Ashley Bacon sold 7,122 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marianne Lake sold 4,233 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $254.00, for a total value of $1,075,182.00. Following the completion of the transaction, the chief executive officer now owns 118,507 shares in the company, valued at $30,100,778. The trade was a 3.45 % decrease in their ownership of the stock. 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.

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

A hedge fund recently bought a new stake in Alerian MLP Index ETNs due January 28, 2044 stock. NBW Capital LLC acquired a new position in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 223,196 shares of the company’s stock, valued at approximately $6,459,000.

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.