ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Trading Up 0.6%

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ)’s share price was up 0.6% on Tuesday . The stock traded as high as $19.41 and last traded at $19.41. Approximately 1,134 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 2,933 shares. The stock had previously closed at $19.30.

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

The company’s 50 day simple moving average is $19.71 and its two-hundred day simple moving average is $19.30.

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

The company also recently announced a dividend, which was paid on Tuesday, July 23rd. Investors of record on Monday, July 15th were paid a $0.4462 dividend. The ex-dividend date of this dividend was Monday, July 15th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B stock. Eudaimonia Partners LLC boosted its position in ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,943 shares of the company’s stock after buying an additional 2,066 shares during the quarter. Eudaimonia Partners LLC owned approximately 1.53% of ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B worth $834,000 at the end of the most recent reporting period.

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.