Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Large Volume Increase Following Dividend Announcement

Posted by Dante Gardener on Dec 2nd, 2024

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB – Get Free Report) saw unusually-strong trading volume on Monday after the company announced a dividend. Approximately 1,152 shares traded hands during trading, an increase of 1,052% from the previous session’s volume of 100 shares.The stock last traded at $31.48 and had previously closed at $31.63.

The newly announced dividend which will be paid on Monday, December 9th. Shareholders of record on Friday, November 29th will be given a $0.4502 dividend. This is a boost from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44. The ex-dividend date is Friday, November 29th.

Alerian MLP Index ETNs due January 28, 2044 Stock Down 0.9 %

The stock has a 50 day simple moving average of $29.13 and a 200-day simple moving average of $28.69.

Hedge Funds Weigh In On Alerian MLP Index ETNs due January 28, 2044

A hedge fund recently bought a new stake in Alerian MLP Index ETNs due January 28, 2044 stock. NBW Capital LLC purchased a new position in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 223,196 shares of the company’s stock, valued at approximately $6,459,000.

About Alerian MLP Index ETNs due January 28, 2044

(Get Free Report)

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.