ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044

ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044

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Key facts today


JPMorgan Chase bought over $5 billion in Colombian debt, acquiring $5.44 billion in principal for $4.6 billion, indicating a discount on face value.
JPMorgan Chase (JPM) shares fell 2.6% after the August jobs report showed only 22,000 jobs added and an unemployment rate of 4.3%, raising concerns about the labor market.
Thoma Bravo has hired JPMorgan Chase to advise on selling Raptor Technologies, a school safety software firm, with a valuation over $2 billion. The sale process will start later this year.
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Key stats


Assets under management (AUM)
‪712.72 M‬USD
Fund flows (1Y)
‪−124.37 M‬USD
Dividend yield (indicated)
6.27%
Discount/Premium to NAV
0.5%
Shares outstanding
‪23.44 M‬
Expense ratio
0.85%

About ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044


Brand
JPMorgan
Inception date
Jan 26, 2024
Structure
Exchange-Traded Note
Index tracked
Alerian MLP
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
JPMorgan Chase Bank (Sydney Branch)
ISIN
US48133Q3092
AMJB offers investors the opportunity to exchange their existing notes (AJM-US, maturing on May 24, 2024) for this ETN, comprising new notes set to mature on January 28, 2044. While both the old and new notes offer a return linked to the same index, as measured by its VWAP level, and cash distributions on its components, the new notes are subject to the issuers right of redemption at its sole discretion. The notes track a market cap-weighted index, consisting of 50 MLPs chosen based on distributions, with their primary revenue centered on midstream energy activities. Qualified midstream activities include gathering & processing, liquefaction, pipeline transportation, rail terminaling, storage, compression, and marketing. Note that holders of the note do not imply any ownership stake. JPMorgan Chase & Co. provides complete and unconditional assurance for any payments. Distributions will be taxed as ordinary income.

Broaden your horizons with more funds linked to AMJB via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Energy
Niche
MLPs
Strategy
Dividends
Geography
North America
Weighting scheme
Market cap
Selection criteria
Distributions
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
AMJB trades at 30.15 USD today, its price has risen 0.13% in the past 24 hours. Track more dynamics on AMJB price chart.
AMJB net asset value is 30.01 today — it's fallen 0.62% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
AMJB assets under management is ‪712.72 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
AMJB price has fallen by −2.95% over the last month, and its yearly performance shows a 7.30% increase. See more dynamics on AMJB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.62% over the last month, have fallen by −0.62% over the last month, showed a 0.39% increase in three-month performance and has increased by 6.90% in a year.
AMJB fund flows account for ‪−124.37 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
AMJB expense ratio is 0.85%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, AMJB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, AMJB technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating AMJB shows the neutral signal. See more of AMJB technicals for a more comprehensive analysis.
Yes, AMJB pays dividends to its holders with the dividend yield of 6.27%.
AMJB trades at a premium (0.47%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
AMJB shares are issued by JPMorgan Chase & Co.
AMJB follows the Alerian MLP. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 26, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.