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

JPMorgan Chase & Co. cut its holdings in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 6.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,097,000 shares of the company’s stock after selling 348,000 shares during the quarter. JPMorgan Chase & Co.’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $150,412,000 at the end of the most recent quarter.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

Shares of Alerian MLP Index ETNs due January 28, 2044 stock opened at $32.79 on Wednesday. The business has a fifty day simple moving average of $32.36 and a two-hundred day simple moving average of $30.55. Alerian MLP Index ETNs due January 28, 2044 has a 12 month low of $27.00 and a 12 month high of $33.40.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.4752 per share. 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.

Insider Transactions at Alerian MLP Index ETNs due January 28, 2044

In other Alerian MLP Index ETNs due January 28, 2044 news, insider Ashley Bacon sold 7,122 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction dated 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 transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,808 shares of company stock valued at $23,286,152 in the last ninety days.

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.