Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Strong Trading Volume – Should You Buy?

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) shares saw strong trading volume on Friday . 58,192 shares were traded during trading, a decline of 12% from the previous session’s volume of 66,005 shares.The stock last traded at $32.32 and had previously closed at $32.09.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

The company’s 50-day moving average is $30.64 and its 200 day moving average is $29.37.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

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

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the 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 $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashley Bacon sold 7,122 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction that occurred on 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 sale, the insider now owns 219,388 shares of the company’s stock, valued at approximately $55,711,388.72. The trade was a 3.14 % 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 ninety days.

Institutional Investors 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 lifted its stake in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,423 shares of the company’s stock after buying an additional 5,188 shares during the quarter. 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.

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.