ETRACS Alerian MLP Index ETN Series B (AMUB) to Issue Quarterly Dividend of $0.32 on July 2nd

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) declared a quarterly dividend on Friday, January 1st. Shareholders of record on Friday, May 29th will be given a dividend of 0.3242 per share on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, May 29th. This is a 1.2% increase from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.

ETRACS Alerian MLP Index ETN Series B Stock Performance

Shares of AMUB stock opened at $22.90 on Wednesday. ETRACS Alerian MLP Index ETN Series B has a 12-month low of $17.65 and a 12-month high of $23.55. The firm has a 50 day moving average price of $22.11 and a two-hundred day moving average price of $20.71.

Institutional Trading of ETRACS Alerian MLP Index ETN Series B

Institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in ETRACS Alerian MLP Index ETN Series B in the 3rd quarter valued at $886,000. Virtu Financial LLC bought a new stake in shares of ETRACS Alerian MLP Index ETN Series B in the fourth quarter valued at about $394,000. Finally, North Capital Inc. boosted its position in shares of ETRACS Alerian MLP Index ETN Series B by 1.1% in the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock valued at $1,912,000 after acquiring an additional 929 shares during the period.

About ETRACS Alerian MLP Index ETN Series B

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.