JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Insider Elena A. Korablina Sells 21,829 Shares of Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

JPMorgan Alerian MLP Index ETN Stock Performance

AMJ stock opened at $28.39 on Tuesday. JPMorgan Alerian MLP Index ETN has a twelve month low of $21.85 and a twelve month high of $29.16. The business has a fifty day moving average of $28.05 and a 200-day moving average of $26.54.

JPMorgan Alerian MLP Index ETN Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.4227 per share. This is a boost from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 28th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in JPMorgan Alerian MLP Index ETN by 367.4% in the fourth quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,613 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in JPMorgan Alerian MLP Index ETN during the fourth quarter worth about $67,000. Montag A & Associates Inc. grew its position in shares of JPMorgan Alerian MLP Index ETN by 53.6% during the 4th quarter. Montag A & Associates Inc. now owns 2,866 shares of the exchange traded fund’s stock worth $73,000 after buying an additional 1,000 shares during the period. M&R Capital Management Inc. bought a new stake in shares of JPMorgan Alerian MLP Index ETN in the 4th quarter valued at about $76,000. Finally, Sound Income Strategies LLC bought a new stake in shares of JPMorgan Alerian MLP Index ETN in the 4th quarter valued at about $88,000.

JPMorgan Alerian MLP Index ETN Company Profile

The Alerian MLP Index ETN Due May 24 2024 (AMJ) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of North American energy infrastructure MLPs. AMJ was launched on Apr 2, 2009 and is issued by JPMorgan Chase.