ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Stock Price Up 1.2% – Should You Buy?

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ)’s stock price traded up 1.2% during trading on Thursday. The company traded as high as $14.59 and last traded at $14.59. Approximately 522 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 1,284 shares. The stock had previously closed at $14.42.

ETRACS MarketVector Business Development Companies Liquid Index ETN Trading Up 1.2%

The company has a 50 day simple moving average of $15.21 and a 200-day simple moving average of $15.07.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th will be issued a $0.40 dividend. This is a negative change from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.5323. The ex-dividend date is Tuesday, October 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.0%.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

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.