ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) to Issue Dividend Increase – $2.92 Per Share

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) announced a monthly dividend on Wednesday, November 5th. Stockholders of record on Thursday, November 20th will be paid a dividend of 2.9154 per share on Tuesday, November 25th. This represents a c) annualized dividend and a dividend yield of 38.2%. The ex-dividend date is Thursday, November 20th. This is a 148.1% increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $1.18.

ETRACS Silver Shares Covered Call ETN Price Performance

SLVO traded up $0.76 during trading hours on Friday, reaching $91.52. 43,277 shares of the company’s stock traded hands, compared to its average volume of 30,061. The firm has a 50-day moving average price of $90.66 and a 200 day moving average price of $84.38. ETRACS Silver Shares Covered Call ETN has a 52-week low of $72.60 and a 52-week high of $95.99.

Institutional Investors Weigh In On ETRACS Silver Shares Covered Call ETN

An institutional investor recently bought a new position in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new stake in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,530 shares of the company’s stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN accounts for approximately 1.2% of Claris Financial LLC’s holdings, making the stock its 19th largest position. Claris Financial LLC owned about 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent filing with the Securities and Exchange Commission.

About ETRACS Silver Shares Covered Call ETN

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