Insider Selling: JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) General Counsel Sells $885,869.75 in Stock

JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Stacey Friedman also recently made the following trade(s):

• On Thursday, February 22nd, Stacey Friedman sold 6,030 shares of JPMorgan Alerian MLP Index ETN stock. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90.

JPMorgan Alerian MLP Index ETN Price Performance

NYSEARCA:AMJ opened at $28.30 on Thursday. JPMorgan Alerian MLP Index ETN has a fifty-two week low of $21.94 and a fifty-two week high of $29.16. The business has a 50 day moving average price of $28.21 and a 200-day moving average price of $26.81.

JPMorgan Alerian MLP Index ETN Increases Dividend

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

Hedge Funds Weigh In On JPMorgan Alerian MLP Index ETN

Hedge funds and other institutional investors have recently made changes to their positions in the business. LRI Investments LLC bought a new position in JPMorgan Alerian MLP Index ETN in the first quarter worth $29,000. CWM LLC raised 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 worth $52,000 after purchasing an additional 1,613 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new position in JPMorgan Alerian MLP Index ETN in the fourth quarter worth $67,000. Montag A & Associates Inc. raised its holdings in JPMorgan Alerian MLP Index ETN by 53.6% in the fourth quarter. Montag A & Associates Inc. now owns 2,866 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,000 shares in the last quarter. Finally, M&R Capital Management Inc. bought a new position in JPMorgan Alerian MLP Index ETN in the fourth quarter worth $76,000.

About JPMorgan Alerian MLP Index ETN

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.