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

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) insider Elena A. Korablina sold 21,829 shares of JPMorgan Alerian MLP Index ETN stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

JPMorgan Alerian MLP Index ETN Stock Performance

NYSEARCA:AMJ traded up $0.12 during trading hours on Monday, hitting $28.39. The company had a trading volume of 307,852 shares, compared to its average volume of 522,655. The stock has a 50-day moving average price of $28.03 and a 200 day moving average price of $26.52. JPMorgan Alerian MLP Index ETN has a 52 week low of $21.85 and a 52 week high of $29.16.

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 given a dividend of $0.4227 per share. The ex-dividend date was Wednesday, February 28th. This is a positive change from JPMorgan Alerian MLP Index ETN’s previous dividend of $0.41.

Hedge Funds Weigh In On JPMorgan Alerian MLP Index ETN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of JPMorgan Alerian MLP Index ETN by 367.4% in the 4th quarter. CWM LLC now owns 2,052 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 1,613 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in JPMorgan Alerian MLP Index ETN in the 4th quarter worth about $67,000. Montag A & Associates Inc. grew its stake 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 valued at $73,000 after purchasing 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 during 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 during 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.