JPMorgan Chase & Co. Sells 348,000 Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB)

JPMorgan Chase & Co. trimmed its position in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,097,000 shares of the company’s stock after selling 348,000 shares during the period. JPMorgan Chase & Co. owned 0.18% of Alerian MLP Index ETNs due January 28, 2044 worth $150,412,000 as of its most recent filing with the SEC.

Insider Buying and Selling

In other Alerian MLP Index ETNs due January 28, 2044 news, insider Lori A. Beer sold 2,052 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.93, for a total transaction of $506,700.36. Following the completion of the sale, the insider now owns 50,482 shares of the company’s stock, valued at approximately $12,465,520.26. This represents a 3.91 % decrease in their position. 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 company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, 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 sold a total of 89,808 shares of company stock valued at $23,286,152 in the last three months.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

AMJB opened at $32.79 on Wednesday. The company’s 50 day moving average price is $32.36 and its two-hundred day moving average price is $30.55. Alerian MLP Index ETNs due January 28, 2044 has a fifty-two week low of $27.00 and a fifty-two week high of $33.40.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, March 3rd were issued a $0.4752 dividend. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.45. The ex-dividend date of this dividend was Monday, March 3rd.

Alerian MLP Index ETNs due January 28, 2044 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.