ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Shares Down 0.2% – Should You Sell?

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ)’s share price dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $18.77 and last traded at $18.77. Approximately 111 shares changed hands during trading, a decline of 96% from the average daily volume of 2,871 shares. The stock had previously closed at $18.81.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Stock Down 0.2 %

The firm has a fifty day moving average price of $18.89 and a 200 day moving average price of $19.21.

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

The company also recently declared a dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were paid a $0.4499 dividend. The ex-dividend date was Friday, October 11th. This is a boost 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.