ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Shares Pass Above 50-Day Moving Average – Here’s What Happened

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.89 and traded as high as $19.50. ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B shares last traded at $19.38, with a volume of 993 shares trading hands.

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

The firm’s 50 day moving average price is $18.89 and its 200-day moving average price is $19.14.

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

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