Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sets New 1-Year High – Here’s Why

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) reached a new 52-week high on Thursday . The stock traded as high as $32.06 and last traded at $32.06, with a volume of 60269 shares trading hands. The stock had previously closed at $31.45.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

The business has a 50-day simple moving average of $30.21 and a two-hundred day simple moving average of $29.18.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a $0.4502 dividend. This is a positive change from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44. The ex-dividend date was Friday, November 29th.

Insiders Place Their Bets

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 stock was sold at an average price of $254.00, for a total value of $1,075,182.00. Following the transaction, the chief executive officer now directly owns 118,507 shares in the company, valued at approximately $30,100,778. The trade was a 3.45 % decrease in their ownership of the stock. The transaction 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 firm’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 sale, the insider now directly owns 219,388 shares in the company, valued at $55,711,388.72. This trade represents a 3.14 % decrease in their position. The disclosure for this sale can be found here. Insiders 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

An institutional investor recently bought a new position in Alerian MLP Index ETNs due January 28, 2044 stock. NBW Capital LLC purchased a new stake in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 223,196 shares of the company’s stock, valued at approximately $6,459,000.

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.