ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Shares Up 1% – Time to Buy?

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) shares were up 1% during mid-day trading on Thursday . The stock traded as high as $19.59 and last traded at $19.59. Approximately 2,132 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 2,607 shares. The stock had previously closed at $19.39.

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

The business has a 50 day simple moving average of $19.03 and a 200 day simple moving average of $19.06.

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

The business also recently disclosed a dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were issued a dividend of $0.4499 per share. The ex-dividend date was Friday, October 11th. 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.

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.