Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Shares Gap Down – Time to Sell?

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $28.88, but opened at $27.69. Alerian MLP Index ETNs due January 28, 2044 shares last traded at $29.15, with a volume of 169,630 shares.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The firm has a fifty day moving average price of $31.91 and a 200 day moving average price of $30.56.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd were given a $0.4752 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.45.

Insiders Place Their Bets

In related news, insider Lori A. Beer sold 2,052 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.93, for a total value of $506,700.36. Following the transaction, the insider now owns 50,482 shares in the company, valued at $12,465,520.26. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction 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 sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,808 shares of company stock valued at $23,286,152.

Institutional Investors Weigh In On Alerian MLP Index ETNs due January 28, 2044

A hedge fund recently raised its stake in Alerian MLP Index ETNs due January 28, 2044 stock. Nicolet Bankshares Inc. raised its stake in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,018 shares of the company’s stock after buying an additional 3,102 shares during the quarter. Alerian MLP Index ETNs due January 28, 2044 comprises 1.4% of Nicolet Bankshares Inc.’s portfolio, making the stock its 17th biggest position. Nicolet Bankshares Inc.’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $6,050,000 as of its most recent filing with the Securities and Exchange Commission.

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.