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 after the company announced a dividend. Approximately 1,152 shares changed hands during mid-day 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. Shareholders of record on Friday, November 29th will be paid a $0.4502 dividend. The ex-dividend date is Friday, November 29th. This is an increase from Alerian MLP Index ETNs due January 28, 2044’s previous dividend of $0.44.

Alerian MLP Index ETNs due January 28, 2044 Trading Down 0.9 %

The business 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

An institutional investor recently bought a new position in Alerian MLP Index ETNs due January 28, 2044 stock. MeadowBrook Investment Advisors LLC bought a new position in shares of Alerian MLP Index ETNs due January 28, 2044 (NYSEARCA:AMJB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,235 shares of the company’s stock, valued at approximately $94,000.

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.