ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Shares Pass Above 50-Day Moving Average – Here’s What Happened

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.89 and traded as high as $19.50. ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B shares last traded at $19.38, with a volume of 993 shares changing hands.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Stock Up 0.8 %

The company’s fifty day simple moving average is $18.89 and its two-hundred day simple moving average is $19.14.

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

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

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

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.