ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Trading 0.6% Higher – Here’s Why

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZGet Free Report)’s stock price shot up 0.6% during trading on Wednesday . The stock traded as high as $20.42 and last traded at $20.42. 3,010 shares were traded during mid-day trading, an increase of 13% from the average session volume of 2,663 shares. The stock had previously closed at $20.29.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Stock Up 0.6 %

The stock’s 50 day moving average is $19.50 and its 200-day moving average is $19.06.

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

The firm also recently announced a dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Monday, January 13th were issued a dividend of $0.3226 per share. The ex-dividend date of this dividend was Monday, January 13th.

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

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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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