ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Trading 1% Higher – Should You Buy?

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ)’s share price traded up 1% during trading on Thursday . The stock traded as high as $19.59 and last traded at $19.59. 2,132 shares were traded during trading, a decline of 18% from the average session 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 Stock Performance

The company has a 50-day moving average of $19.02 and a 200 day 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. Investors of record on Friday, October 11th were given a $0.4499 dividend. This is a boost 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.

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.