Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Hits New 12-Month High – Should You Buy?

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.20 and last traded at $33.15, with a volume of 5033 shares trading hands. The stock had previously closed at $32.69.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The firm’s 50 day moving average is $31.00 and its 200 day moving average is $29.65.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were 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 was Friday, November 29th.

Insider Buying and Selling

In other news, CEO Marianne Lake sold 4,233 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $254.00, for a total transaction of $1,075,182.00. Following the sale, the chief executive officer now owns 118,507 shares in the company, valued at $30,100,778. This represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,658 shares of company stock worth $3,722,507 in the last 90 days.

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

A number of hedge funds have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC raised its stake 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 buying an additional 5,188 shares during the last quarter. Nicolet Bankshares Inc. increased its position in Alerian MLP Index ETNs due January 28, 2044 by 1.5% during the fourth quarter. Nicolet Bankshares Inc. now owns 205,018 shares of the company’s stock valued at $6,050,000 after acquiring an additional 3,102 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Alerian MLP Index ETNs due January 28, 2044 by 3.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,337,595 shares of the company’s stock valued at $101,663,000 after acquiring an additional 109,965 shares during 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.