ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Stock Price Down 0.2%

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ)’s share price fell 0.2% during trading on Tuesday . The stock traded as low as $19.70 and last traded at $19.70. 498 shares were traded during mid-day trading, a decline of 84% from the average session volume of 3,202 shares. The stock had previously closed at $19.74.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Price Performance

The stock’s fifty day simple moving average is $19.56 and its two-hundred day simple moving average is $19.18.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 12th were issued a $0.4599 dividend. The ex-dividend date was Thursday, April 11th. This is a boost from ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B’s previous dividend of $0.44.

Institutional Trading of ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B

An institutional investor recently raised its position in ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B stock. Eudaimonia Partners LLC increased its holdings in ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,943 shares of the company’s stock after acquiring an additional 2,066 shares during the period. Eudaimonia Partners LLC owned about 1.53% of ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B worth $834,000 at the end of the most recent reporting period.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.