ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Plans Dividend Increase – $0.44 Per Share

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) announced a quarterly dividend on Friday, January 1st. Investors of record on Tuesday, January 13th will be paid a dividend of 0.4357 per share on Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend 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 Trading Up 0.9%

Shares of NYSEARCA:MLPB opened at $25.88 on Friday. The firm’s 50 day simple moving average is $25.26 and its 200 day simple 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

An institutional investor recently bought a new position in ETRACS Alerian MLP Infrastructure Index ETN Series B stock. First Horizon Corp purchased a new stake in ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,800 shares of the company’s stock, valued at approximately $120,000. First Horizon Corp owned 0.06% of ETRACS Alerian MLP Infrastructure Index ETN Series B as of its most recent SEC filing.

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.