Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) Sees Unusually-High Trading Volume Following Dividend Announcement

Posted by MarketBeat News on Aug 28th, 2024

Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB – Get Free Report) shares saw an uptick in trading volume on Monday following a dividend announcement from the company. 2,148 shares traded hands during trading, an increase of 2,048% from the previous session’s volume of 100 shares.The stock last traded at $28.98 and had previously closed at $28.81.

The newly announced dividend which will be paid on Friday, September 6th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.4415 per share. The ex-dividend date is Wednesday, August 28th.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

The stock has a 50 day moving average of $28.72 and a 200-day moving average of $28.22.

Insider Activity at Alerian MLP Index ETNs due January 28, 2044

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In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

An institutional investor recently bought a new position in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC acquired a new position in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,235 shares of the company’s stock, valued at approximately $94,000.

About Alerian MLP Index ETNs due January 28, 2044

(Get Free Report)

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.