ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) To Go Ex-Dividend on January 13th

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) declared a quarterly dividend on Friday, January 1st. Investors of record on Tuesday, January 13th will be given a dividend of 0.4357 per share on Thursday, January 22nd. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, January 13th. This is a 2.3% increase from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.43.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

Shares of MLPB stock opened at $25.88 on Friday. The stock’s fifty day moving average is $25.26 and its two-hundred day moving average is $25.33. ETRACS Alerian MLP Infrastructure Index ETN Series B has a fifty-two week low of $22.75 and a fifty-two week high of $28.96.

Hedge Funds Weigh In On ETRACS Alerian MLP Infrastructure Index ETN Series B

A hedge fund recently bought a new stake in ETRACS Alerian MLP Infrastructure Index ETN Series B stock. First Horizon Corp acquired a new stake in shares of ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,800 shares of the company’s stock, valued at approximately $120,000. First Horizon Corp owned approximately 0.06% of ETRACS Alerian MLP Infrastructure Index ETN Series B at the end of the most recent quarter.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.