ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Shares Up 1.1% – Here’s Why

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) traded up 1.1% on Friday . The company traded as high as $19.05 and last traded at $19.05. 970 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 2,762 shares. The stock had previously closed at $18.83.

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

The firm has a 50 day moving average of $18.86 and a 200-day moving average of $19.16.

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

The business also recently announced a dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were issued a dividend of $0.4499 per share. This is a positive change from ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B’s previous dividend of $0.45. The ex-dividend date of this dividend was Friday, October 11th.

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.