Mary E. Erdoes Sells 15,895 Shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) CEO Mary E. Erdoes sold 15,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares in the company, valued at $113,465,006.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

JPMorgan Alerian MLP Index ETN Stock Up 0.4 %

Shares of AMJ traded up $0.11 during midday trading on Wednesday, reaching $28.66. 587,412 shares of the stock were exchanged, compared to its average volume of 534,423. JPMorgan Alerian MLP Index ETN has a twelve month low of $21.85 and a twelve month high of $29.16. The stock’s 50 day simple moving average is $28.06 and its 200 day simple moving average is $26.57.

JPMorgan Alerian MLP Index ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 29th were paid a $0.4227 dividend. 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.

Institutional Investors Weigh In On JPMorgan Alerian MLP Index ETN

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its position in 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 valued at $52,000 after buying an additional 1,613 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in JPMorgan Alerian MLP Index ETN during the 4th quarter valued at $67,000. Montag A & Associates Inc. grew its holdings in shares of JPMorgan Alerian MLP Index ETN by 53.6% during the fourth quarter. Montag A & Associates Inc. now owns 2,866 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 1,000 shares during the last quarter. M&R Capital Management Inc. bought a new position in JPMorgan Alerian MLP Index ETN in the 4th quarter valued at about $76,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of JPMorgan Alerian MLP Index ETN in the fourth quarter worth approximately $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.