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

Shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) saw unusually-high trading volume on Monday following a dividend announcement from the company. Approximately 1,152 shares traded hands during trading, an increase of 1,052% from the previous session’s volume of 100 shares.The stock last traded at $31.48 and had previously closed at $31.63.

The newly announced dividend which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be 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 is Friday, November 29th.

Alerian MLP Index ETNs due January 28, 2044 Price Performance

The stock has a fifty day moving average price of $29.18 and a two-hundred day moving average price of $28.71.

Hedge Funds Weigh In On Alerian MLP Index ETNs due January 28, 2044

A hedge fund recently raised its stake in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC boosted its holdings in Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) by 160.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,423 shares of the company’s stock after purchasing an additional 5,188 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Alerian MLP Index ETNs due January 28, 2044 were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

About Alerian MLP Index ETNs due January 28, 2044

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.