ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Shares Climb 1.3% – Still a Buy?

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was up 1.3% during mid-day trading on Monday. The stock traded as high as $14.57 and last traded at $14.57. Approximately 470 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 1,245 shares. The stock had previously closed at $14.38.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

The stock has a 50 day moving average of $14.77 and a 200-day moving average of $15.13.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

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

ETRACS MarketVector Business Development Companies Liquid Index ETN 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.