ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Shares Up 1.1% – Still a Buy?

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) was up 1.1% during mid-day trading on Friday . The stock traded as high as $19.05 and last traded at $19.05. Approximately 970 shares changed hands during trading, a decline of 65% from the average daily 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 business’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $19.16.

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

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