ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Shares Climb 1.2% – Here’s Why

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ – Get Free Report)’s share price shot up 1.2% during trading on Thursday. The company traded as high as $14.59 and last traded at $14.59. Approximately 522 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 1,284 shares. The stock had previously closed at $14.42.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

The firm’s 50-day simple moving average is $15.21 and its 200 day simple moving average is $15.07.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.40 per share. This is a decrease from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.5323. This represents a $1.60 annualized dividend and a yield of 11.1%. The ex-dividend date is Tuesday, October 13th.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

(Get Free Report)

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.

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