ETRACS Gold Shares Covered Call ETN Declares Monthly Dividend of $1.71 (NASDAQ:GLDI)

Key Points

• ETRACS Gold Shares Covered Call ETN declared a monthly dividend of $1.71 per share, with an annualized dividend yield of 11.9%, payable to shareholders on October 27th.
• Institutional investor Jaffetilchin Investment Partners LLC raised its stake in the ETN by 151.2%, now owning approximately 0.55% of the company's stock worth $618,000.
• As of Monday, the ETN's stock opened at $172.22, having a market capitalization of $120.55 million and a P/E ratio of 220.85.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) announced a monthly dividend on Friday, January 1st. Shareholders of record on Wednesday, October 22nd will be given a dividend of 1.7104 per share on Monday, October 27th. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, October 22nd.

ETRACS Gold Shares Covered Call ETN Price Performance

ETRACS Gold Shares Covered Call ETN stock opened at $172.22 on Monday. ETRACS Gold Shares Covered Call ETN has a 12-month low of $150.02 and a 12-month high of $173.92. The stock has a market capitalization of $120.55 million, a P/E ratio of 220.85 and a beta of 0.10. The firm's 50-day moving average is $165.50 and its two-hundred day moving average is $162.76.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

An institutional investor recently raised its position in ETRACS Gold Shares Covered Call ETN stock. Jaffetilchin Investment Partners LLC increased its stake in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 151.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,821 shares of the company's stock after acquiring an additional 2,300 shares during the period. Jaffetilchin Investment Partners LLC owned approximately 0.55% of ETRACS Gold Shares Covered Call ETN worth $618,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 36.97% of the company's stock.

ETRACS Gold Shares Covered Call ETN Company Profile

luxury british cocoa grower and chocolatier, hotel chocolat, was founded in 2004 to make exciting chocolate with three guiding principles – authenticity, originality and ethics – which remain central to the brand's success today. with its rabot estate cocoa plantation in saint lucia, a chocolate manufacturing facility in cambridgeshire and stores across the uk and internationally, hotel chocolat occupies a unique space – being able to link all aspects of chocolate from the tree to the consumer.

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