Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) saw unusually-strong trading volume on Friday . Approximately 96,669 shares were traded during trading, an increase of 65% from the previous session’s volume of 58,521 shares.The stock last traded at $32.05 and had previously closed at $32.06.

Alerian MLP Index ETNs due January 28, 2044 Stock Performance

The stock has a fifty day simple moving average of $30.09 and a 200-day simple moving average of $29.14.

Alerian MLP Index ETNs due January 28, 2044 Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were issued a $0.4502 dividend. This is a boost from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44. The ex-dividend date was Friday, November 29th.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of Alerian MLP Index ETNs due January 28, 2044 stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 7,122 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $1,808,560.68. Following the completion of the transaction, the insider now directly owns 219,388 shares in the company, valued at approximately $55,711,388.72. This represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,658 shares of company stock worth $3,722,507.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alerian MLP Index ETNs due January 28, 2044 stock. NBW Capital LLC bought a new stake in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 223,196 shares of the company’s stock, valued at approximately $6,459,000.

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.