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

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) shares saw unusually-high trading volume on Wednesday . Approximately 197,308 shares were traded during trading, an increase of 183% from the previous session’s volume of 69,719 shares.The stock last traded at $31.80 and had previously closed at $31.55.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The business’s 50 day simple moving average is $31.88 and its 200-day simple moving average is $30.11.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The company 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. The ex-dividend date was Monday, March 3rd. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.45.

Insider Activity

In other Alerian MLP Index ETNs due January 28, 2044 news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 7,122 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $1,808,560.68. Following the completion of the sale, the insider now owns 219,388 shares of the company’s stock, valued at $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. In the last 90 days, insiders have sold 58,484 shares of company stock worth $15,548,639.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC lifted its holdings in Alerian MLP Index ETNs due January 28, 2044 by 160.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 8,423 shares of the company’s stock valued at $240,000 after purchasing an additional 5,188 shares during the last quarter. Nicolet Bankshares Inc. boosted its holdings in shares of Alerian MLP Index ETNs due January 28, 2044 by 1.5% in the 4th quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock worth $6,050,000 after acquiring an additional 3,102 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Alerian MLP Index ETNs due January 28, 2044 by 3.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock valued at $101,663,000 after purchasing an additional 109,965 shares in the last quarter.

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.