Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Unusually-High Trading Volume Following Dividend Announcement

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) saw strong trading volume on Monday following a dividend announcement from the company. 2,148 shares changed hands during trading, an increase of 2,048% from the previous session’s volume of 100 shares.The stock last traded at $28.98 and had previously closed at $28.81.

The newly announced dividend which will be paid on Friday, September 6th. Investors of record on Wednesday, August 28th will be paid a $0.4415 dividend. The ex-dividend date of this dividend is Wednesday, August 28th.

Alerian MLP Index ETNs due January 28, 2044 Trading Up 0.6 %

The company has a 50-day simple moving average of $28.70 and a two-hundred day simple moving average of $28.20.

Insider Activity

In other news, insider Ashley Bacon sold 5,086 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,235 shares of the company’s stock, valued at approximately $94,000.

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.